The Government introduced partnership funding in 2011, requiring many flood schemes to be part-funded from sources other than government grant-in-aid. The cost of individual schemes is shared between national and local sources of funding, to allow more schemes to go ahead. The Agency told us that partnership funding had been successful in attracting additional local funding. The Agency estimates that the partnership funding model attracted £530 million of investment during the period April 20...
The Government introduced partnership funding in 2011, requiring many flood schemes to be part-funded from sources other than government grant-in-aid. The cost of individual schemes is shared between national and local sources of funding, to allow more schemes to go ahead. The Agency told us that partnership funding had been successful in attracting additional local funding. The Agency estimates that the partnership funding model attracted £530 million of investment during the period April 2015 to March 2021, exceeding its target of £390 million. More than half the schemes the Agency delivered over this period included some partnership fundin Type: conclusion | Number: 11 | Response status: under_consideration Government response: 2.1 The government agrees with the Committee’s recommendation. Target Implementation date: alongside Spending Review 2021 2.2 The Agency tracks partnership funding for the capital programme monthly to identify what contributions need to be secured. The Agen