By the end of 2027 the flood and coastal resilience innovation fund, managed by the Environment Agency, plans to allocate £200m for work to improve resilience to meet the aims set out in the Government’s policy statement on flooding and coastal erosion as well as the Environment Agency’s National Flood and Coastal Erosion Risk Management Strategy for England.
Between 2021 and 2027 the fund will allocate:
- £150 million to the flood and coastal resilience innovation programme where 25 local areas will demonstrate how practical innovative actions can work to improve resilience to flooding and coastal erosion
- up to £36m to the coastal transition accelerator programme which has commenced with projects in East Riding of Yorkshire, North Norfolk and may include other locations in the future, to explore and support communities and businesses to adapt to a changing coast
- £8 million to the adaptation pathways programme for work on long term planning for climate adaptation in the Thames and Humber estuaries, the Severn Valley and Yorkshire
The remaining funds will be used to support the projects and the evaluation of the programmes.