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<p>We are investing £2.5 billion over six years on capital flood defences (including
major flood defences) up until 2021.</p><p> </p><p>In the Autumn Statement 2015 we
confirmed that we would protect the flood asset maintenance budget (this includes
funding for riverbank maintenance), in real terms, until the end of the Parliament.
We also stated that we would find 10% efficiencies in maintenance by the end of the
Parliament and reinvest that money in more maintenance. In the Budget 2016 we announced
that we would spend an extra £40 million per year on maintenance until the end of
the Parliament. These commitments mean that we are spending over £1 billion on maintenance
this Parliament. This is an increase of 29% above spending on maintenance in the previous
Parliament.</p><p> </p><p>We have assessed that this spending achieves an optimal
balance between capital and maintenance spending.</p>
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