The Agency is responsible for maintaining existing flood defence assets that it owns. Its modelling showed that it is best value for money to have 98% of its high consequence assets at required condition. Timely maintenance is important because if an asset fails it is then more expensive to repair.10 The Agency divides flood defence assets into high, medium and low consequence asset systems depending on the number of properties they work together to protect, with high consequence systems prot...

The Agency is responsible for maintaining existing flood defence assets that it owns. Its modelling showed that it is best value for money to have 98% of its high consequence assets at required condition. Timely maintenance is important because if an asset fails it is then more expensive to repair.10 The Agency divides flood defence assets into high, medium and low consequence asset systems depending on the number of properties they work together to protect, with high consequence systems protecting the most properties. Flood risk management assets are assigned a condition grade on a scale from one to five using a visual asset inspection. Most Type: conclusion | Number: 8 | Response status: not_addressed 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 departme