Flood Insurance: Reform of Flood Re

Debate between Steff Aquarone and Emma Hardy

Wednesday 1st July 2026 Commons Chamber

[Emma Hardy]

My hon. Friend raises an important point. We are continuing to work with the Government, the regulator and industry to review the scheme eligibility criteria, including considering options to better support leaseholders.

[Steff Aquarone (North Norfolk) (LD)]

Flood Re does need change. However, the Minister has not announced a key change that would make a difference for thousands of households in my North Norfolk constituency: establishing a “Coast Re” scheme for those homes at threat of erosion. They find themselves at huge risk and have no financial backing if the worst happens and they lose their home. My call is supported by the cross-party report of the Environment, Food and Rural Affairs Committee. There is not much coastal erosion in Manchester, but can the Minister please make a pitch for “Coast Re” with her new boss in the coming weeks?

[Emma Hardy]

I thank the hon. Gentleman and the EFRA Committee for their work. He will have heard our commitment to the £30 million coastal fund, which is looking at what we should do about managing coastal erosion and the risks of coastal flooding.