Flood Re
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what discussions she has had with the Treasury about extending the Flood Re scheme beyond 2039.
Answered by Emma Hardy
Government is engaging with the insurance industry and other stakeholders to examine whether the rationale to end the Flood Re scheme in 2039 as planned remains appropriate, or whether we need reconsider this timing in the light of the challenges of climate change. Consideration of mortgage availability for properties at high risk of flooding is included as part of this.
In 2025/26, Flood Re provided cover for over 353,000 household policies, with 742,000 properties benefitting since the scheme’s launch. As at March 2026, the average home insurance quote following a flood claim was around c.£1,316, compared with approximately £4,400 prior to Flood Re.
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