£1bn annual flood funding needed to avoid major economic damages, EA says

Flood funding of between £1bn and 1.2bn will be needed every year in England up to 2063 to avoid a major rise in economic damages, according to the Environment Agency

Flooding in York
For every £1 spent on flood defences, around £9 in property damages would be avoided, the EA says

Flood funding of between £1bn and 1.2bn will be needed every year in England up to 2063 to avoid a major rise in economic damages, according to the Environment Agency (EA).

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