Funding for flood risk management projects Flood defence grants Introduction The government has a fund for flood risk management projects called Flood and Coastal Erosion Risk Management Grant in Aid (FCERMGiA). This fund can provide funding for flood risk management schemes based on the benefits the scheme provides, primarily measured in the number of homes that are protected. Details about this fund can be found . This fund provides grants for schemes based on the number of properties that the scheme will protect from flooding. The contribution from this fund to flood schemes is often not sufficient to deliver the scheme on its own, in these cases partnership funding contributions are required. Partnership funding can come from any source. In order to qualify for funding from FCERMGiA, a scheme must demonstrate that it meets a minimum funding ratio compared with the cost (this level changes each year depending on the competition for FCERMGiA funding). This ratio is calculated by adding the FCERMGiA contribution to any partnership funding and dividing by the cost of the scheme. The qualifying ratio is often above 100%. FCERMGiA can be used to fund the assessment of schemes, their design and construction. Once a stage is complete more information is available to apply for the next stage, if it is appropriate (development of the scheme may have identified that the scheme is not feasible for some reason). Each stage of application requires more evidence to demonstrate that the funding that is allocated is being put to effective use. There is no specific benefit-cost ratio that has to be achieved to qualify for FCERMGiA, but due to way the funding is allocated according to properties that benefit there is a high level of cost effectiveness achieved by FCERMGiA, typically 1:8 or more. Partnership funding Most flood risk management schemes require partnership funding either to support schemes that have FCERMGiA or to deliver ones that do not have FCERMGiA. Partnership funding sources could include other funds, for instance Local Enterprise Partnership funds, Lottery funds, or it could be other beneficiaries of the scheme choosing to make a contribution, for instance land or property owners and infrastructure operators. The contribution can also be in kind donations of time, land or materials needed to deliver the project. Finding partnership contributions is a challenge. Through this local strategy we hope to develop a better understanding of how to identify other funding opportunities and
Funding for flood risk management projects Flood defence grants Introduction The government has a fund for flood risk management projects called Flood and Coastal Erosion Risk Management Grant in Aid (FCERMGiA). This fund can provide funding for flood risk management schemes based on the benefits the scheme provides, primarily measured in the number of homes that are protected. Details about this fund can be found . This fund provides grants for schemes based on the number of properties that the scheme will protect from flooding. The contribution from this fund to flood schemes is often not sufficient to deliver the scheme on its own, in these cases partnership funding contributions are required. Partnership funding can come from any source. In order to qualify for funding from FCERMGiA, a scheme must demonstrate that it meets a minimum funding ratio compared with the cost (this level changes each year depending on the competition for FCERMGiA funding). This ratio is calculated by adding the FCERMGiA contribution to any partnership funding and dividing by the cost of the scheme. The qualifying ratio is often above 100%. FCERMGiA can be used to fund the assessment of schemes, their design and construction. Once a stage is complete more information is available to apply for the next stage, if it is appropriate (development of the scheme may have identified that the scheme is not feasible for some reason). Each stage of application requires more evidence to demonstrate that the funding that is allocated is being put to effective use. There is no specific benefit-cost ratio that has to be achieved to qualify for FCERMGiA, but due to way the funding is allocated according to properties that benefit there is a high level of cost effectiveness achieved by FCERMGiA, typically 1:8 or more. Partnership funding Most flood risk management schemes require partnership funding either to support schemes that have FCERMGiA or to deliver ones that do not have FCERMGiA. Partnership funding sources could include other funds, for instance Local Enterprise Partnership funds, Lottery funds, or it could be other beneficiaries of the scheme choosing to make a contribution, for instance land or property owners and infrastructure operators. The contribution can also be in kind donations of time, land or materials needed to deliver the project. Finding partnership contributions is a challenge. Through this local strategy we hope to develop a better understanding of how to identify other funding opportunities and