The Agency has not been able to reach even the 94.5% level. In summer 2023, only 93.5% of the Agency’s high consequence assets were at the required condition.14 203,000 7 Q 65; C&AG’s Report, para 11 8 Q 65 9 C&AG’s Report, paras 6, 1.8 10 Q 43 11 C&AG’s Report, footnotes 2 & 3 12 Q 51 13 Q 43 14 C&AG’s Report, para 22 Resilience to fooding 11 properties are at increased risk of flooding because of the assets which are below required condition.15 The Agency explained that inflation affects ma...

The Agency has not been able to reach even the 94.5% level. In summer 2023, only 93.5% of the Agency’s high consequence assets were at the required condition.14 203,000 7 Q 65; C&AG’s Report, para 11 8 Q 65 9 C&AG’s Report, paras 6, 1.8 10 Q 43 11 C&AG’s Report, footnotes 2 & 3 12 Q 51 13 Q 43 14 C&AG’s Report, para 22 Resilience to fooding 11 properties are at increased risk of flooding because of the assets which are below required condition.15 The Agency explained that inflation affects maintenance costs as well as building costs and the recent storms have damaged assets further.16 Type: conclusion | Number: 10 | Response status: accepted Government response: 3.1 The government agrees with the Committee’s recommendation. Target implementation date: Spring 2025 3.2 The Agency is working on improved evidence to help identify the optimal balance of capital and maintenance in order to maximise value for money. The department agreed with HM Treasury to move £