Kevin Hollinrake – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Kevin Hollinrake on 2016-01-08.

To ask Mr Chancellor of the Exchequer, if he will make it his policy to provide tax reliefs similar to those provided to businesses that contribute to flood defence schemes to landowners and farmers who assist in managing flood risk through soil management, investment in flood defences and water storage.

Mr David Gauke

The Government keeps all tax policy under review. Any changes in tax policy are announced by the Chancellor at the Budget or Autumn Statement.

At the Spending Review the Government confirmed that Defra’s £2.3bn, six-year flood defence capital programme will be protected, which will invest in over 1,500 schemes by 2021 to better protect 300,000 homes. The programme will also deliver economic benefits of £30bn in avoided damage over the next 50 years, and reduce overall flood risk in England by 5%.

Following Storm Desmond and Storm Eva the Government has announced over £200m of funding to support households and businesses, and repair damaged flood defences and roads. Council tax and business rate relief has also been announced for affected households and firms.