Source · Select Committees · Environmental Audit Committee
Recommendation 38
38
Begin work on Flood Re successor to ensure continued, affordable flood insurance beyond 2039.
Recommendation
The Government should begin work with the insurance and mortgage sectors to ensure the continued availability and affordability of flood insurance beyond 2039, when the current Flood Re scheme is due to end. This should include options for a successor scheme (“Flood Re 2.0”) that recognises resilience measures, supports low-income households, and enables a fair transition to a more risk-reflective market. (Recommendation, Paragraph 128)
Government Response
A response document is linked to this report, dated 23 December 2025. Response attribution to this recommendation has not been verified. Read the response document ↗