Updating the Cost of Storm and Flood Events

By reflecting on the cost of storms which affected England and Wales from winter 2013 to 2014, the Environment Agency has been able to update their rapid cost calculator which aims to provide a better estimation of the economic and financial costs of future storm events. The best cost estimate from the winter of 2013 to 2014 was £1.3bn with 25% of the damage from the residential sector. This updated model will help to inform more recent storm and flood events such as 2013-2014 in the South West of England and 2015-2016 in Cumbria and the North of England as well as future events.

Full reports and infographics created by the Environment Agency can be found here.

Tags: , , ,