The report shows that the cost of the 2007 floods to critical infrastructure and essential services was approximately £660 million. Water services were the most affected of the industries, costing £186 million.
The report also researched the potential costs of future flooding, stating that one in six homes in the United Kingdom is at risk. As the impact of climate change intensifies, the cost of damage is estimated to rise by 60 per cent by 2035 unless preventative measures are taken.
In response to the report, British water authorities have recognised that much of their vital infrastructure, including distribution assets and treatment plants situated near rivers, require increased protection.
Similarly, the sewerage systems in urban areas, many of which are over a century old, will need continued investment in order to cope with extreme weather.
Article continues below…UK water industry regulator Ofwat has approved capital expenditure of £414 million on resilience projects to be carried out by water companies. The UK water industry is strongly supporting the Flood and Water Management Bill, which is currently before Parliament and hoped to clarify responsibilities for surface water management and facilitate investment by local authorities and other agencies alongside the industry.
UK water companies have acknowledged the important role they play in ensuring that property and services are protected against future flooding, however they look to government and regulators to establish the coordination mechanisms and legal structures needed to make the most of investment.
To read the report commissioned by the United Kingdom Environment Agency, click here.
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