What are the timescales and levels of committed investment for flood defence works to mitigate the risk of sea level rise along the south Wales coast between Chepstow and Penarth, given the increasing impacts of climate change and likelihood of annual coastal flooding by 2050?
We have an agreed capital budget of £34m per year for the next three years to invest in flood and coastal risk management measures to support communities around the whole of Wales at risk now and in the future.
It is for the relevant Risk Management Authority, either the local authority or Natural Resources Wales, to assess the risks posed by flooding and coastal erosion including the impacts of climate change and, put forward schemes which reduce risk to homes for consideration for funding through the Flood and Coastal Erosion Risk Management programme.
Through the Co-operation Agreement, we have committed to work with the National Infrastructure Commission for Wales to assess the nationwide likelihood of flooding of homes, businesses and infrastructure across Wales and look at how this can be minimised by 2050.