How is flood and coastal risk management funded?
In 2009-2010, the Environment Agency will spend 700 million managing flood and coastal erosion risk across the UK. This budget has more than doubled from 10 years ago, and is set to increase by an estimated 100 million in 2010- 2011. Despite this large commitment, the scale of coastal erosion means we must prioritise projects to ensure we achieve the best possible results. Realistically, it is not possible to justify defending all locations to the same standard or in some cases at all. How coastal change affects you Coastal change can affect people in both positive and negative ways. Eroding coasts can place houses, businesses and farmland at risk, yet others may benefit from sediment moving along the shoreline and keeping natural defences such as beaches and marshes healthy. The risk from erosion can bring problems for home and land owners relating to insurance, property values and planning permission. Although insurance may be provided against sea flooding, there is no insurance agai
