We welcome the steps taken thus far to improve the partnership funding formula, to better take account of climate change and the wider impacts of flooding. However, it is disappointing that the Government’s call for evidence on further changes to the formula has only just been launched, and will not close until the eve of the next investment programme starting in April 2021. We believe there is more work to be done to ensure that flood capital investment protects people and property without favouring certain areas or disproportionately focussing on certain types of flooding. When considering cost-benefit analyses, natural capital should also be a factor that is taken into consideration. The Government should ensure that any further steps to address shortcomings of the flood funding formula, following the current call for evidence, are communicated and implemented as quickly as possible.