Flooding Interventions

Lord Krebs Excerpts

Tuesday 6th January 2026 Lords Chamber

[Baroness Hayman of Ullock (Lab)]

The noble Baroness is right. As someone who lives in a rural area that floods regularly, I am aware of the important role farmers play in managing flood risk and storing water on their land. Farmers can access payments in a number of ways, as I am sure the noble Baroness is aware. One is the farm recovery fund, in cases where damage has occurred and farmers need to recover costs. It pays up to £25,000 and can be important to farmers when they have suffered flooding. We are looking very carefully at the Environment Audit Committee’s recommendations in this area. Farmers storing water on their land is an important way of moving forward, and it is certainly something we are looking at.

[Lord Krebs (CB)]

My Lords, when Flood Re was set up, my understanding was that it was a transitional body that would no longer be necessary after a certain period, once other means of insuring homes at risk of flooding were put in place. Does Flood Re have a limited life expectancy, and if so, what is the estimate?

[Baroness Hayman of Ullock (Lab)]

The noble Lord is right that Flood Re was set up for a certain period of time. I am doing this from memory, and I shall tell the House if I am wrong, but I think it was due to run through to 2036.

We are looking at possible alternative arrangements. Clearly, the last thing we want to do is take away households’ ability to have insurance. We do not want to go back to how it used to be—people being completely uninsurable or having excess limits of, say, £10,000. That is not the future we see for insurance. The noble Lord is right that it has been set up as an intermediate system, and we are looking at ways to move forward.