Recommendation 3

We share the concern of our predecessor Committee about the apparent stalling of private sector contributions under the partnership funding model. The recent National Audit Office report shows the Government faces an uphill struggle to reverse the decline in private sector contributions. We welcome the steps the Government is taking to encourage more private contributions, including reviewing guidance on corporation tax relief. However, we note with concern that the Environment Agency has said it will be challenging to secure the partnership funding needed to deliver the outcomes of the next multi-year capital investment.