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March 20, 2024

Private sector finance can boost UK flooding resilience, says report

Flooding North Yorkshire UK
Flooding is the UK’s biggest natural hazard, costing the country £2.2bn annually, according to the GFI (Photo: SteveAllenPhoto999/Envato)

A government-commissioned report on financing natural flood management shows measures should be taken to encourage more investment from the private sector

More private finance would flow into paying for measures to restore nature that can also help lower flood risks if the UK government adopted standards for so-called natural flood management, says a report by the UK-based research organisation Green Finance Institute.

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