Some 40% of projects need to find partnership funding to be able to go ahead.47 Partnership funding is an important source of funding, where risk management authorities (such as local authorities) raise funds from the public and private sectors towards a flood defence project. To support this capital programme, Defra has brought in £130 million of partnership funding from the private sector so far. The Agency estimates it needs £2.3 billion partnership funding in total, for the six years 2021...

Some 40% of projects need to find partnership funding to be able to go ahead.47 Partnership funding is an important source of funding, where risk management authorities (such as local authorities) raise funds from the public and private sectors towards a flood defence project. To support this capital programme, Defra has brought in £130 million of partnership funding from the private sector so far. The Agency estimates it needs £2.3 billion partnership funding in total, for the six years 2021–27, on top of the £5.2 billion grant funding. The vast majority of partnership funding comes from public sector contributions.48 Type: conclusion | Number: 22 | Response status: accepted Government response: 5.10 The government agrees with the Committee’s recommendation. Target implementation date: March 2024 5.11 The department has completed an assessment of local flood and coastal risk and local authority spend which has been shared with the Committee and will be published shortly. 5.12 In the