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Budget 2014 Government pledges additional 140m funding for flood defences

The Government has announced an additional £140 million will be spent on flood defences in today's Budget.

An ABI spokesman said:

“Any additional funding for flood defences will be welcomed by flood risk communities throughout the UK.

"As insurers continue to help thousands of flooded customers recover from the wettest winter on record, the need for sustained, ambitious and targeted investment in the building and maintenance of flood defences has never been more important.”

Last updated 01/07/2016