How likely is private investment in flood defence?

A parliamentary committee has questioned whether the Department for Environment, Fisheries and Food (Defra) will be able to bring in the level of private funding that it needs to ensure sufficient investment in flood defence. The Environment, Food and Rural Affairs committee raised concerns in its report on Defra’s performance in 2013–14. The committee’s chair, Anne McIntosh MP, said “It is unclear how the £600 million target can be met, and we want Defra to demonstrate how it intends to obtain that money and to explain the impact on its investment programme if the money does not come forward.”