The Environment Agency today announced how over £745m of Defra, Welsh Assembly Government, Local Authority and European Union funding will be allocated to reduce the risk of flood and coastal erosion in England and Wales for the year to March 2011.

The investment includes funds to build new and maintain existing river and coastal defence schemes, develop flood forecasting technologies and heighten public awareness of flood risk.

Today’s investment forms part of the Environment Agency’s strategy to reduce the risk of flooding to more than 200,000 additional properties across England and Wales by 2015. (more…)