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09/12/2014

£150m to address flooding in Wales

Words: Laura Edgar

Welsh finance minister Jane Hutt has today announced £150 million funding for flood and coastal risk management.

Drawing on revenue budgets and building on the Local Government Borrowing Initiative, the scheme will deliver key floods and coastal defences in partnership with local authorities from 2018.

The Welsh government has already invested more than £245 million during this term, including a £50 million contribution from the European Commission.

Hutt explained that the Welsh government was thinking strategically and planning ahead.

“That is why I am today announcing this new significant round of investment in flood and coastal defences, which follows the £245 million in capital and revenue funding we have already committed over the life of this government. Through innovative funding schemes, we are able to complement our existing capital funding and ensure that Wales remains a safe, viable and attractive place to live and work for current and future generations."

Natural resources minister Carl Sargeant added that the investment would be welcome news for coastal communities. “Our Wellbeing of Future Generations Bill makes it clear that we must plan ahead and work together to ensure the best possible outcomes for our communities. This announcement reinforces that commitment and is a clear message that the Welsh government will continue to tackle flooding, and the risks associated with it, for years to come.”

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