The Government’s Policy Statement sets out a holistic approach to maintain the network of flood and coastal erosion risk management assets across England, through a comb– ation of investment and action by risk management authorities, Government, riparian owners and wider beneficiaries. The Government recognises the importance of maintaining existing flood defence assets and ensuring there is revenue funding for this purpose. The Environment Agency currently maintains 78,000 flood and coastal erosion risk management assets across England. Between 2015 and 2020 the Government significantly increased funding over this period for the maintenance of such assets and wider maintenance e.g. river conveyance. In addition, the March 2020 Budget provided the Environment Agency with an additional £120 million of funding for 2020–21 to repair assets damaged during the 2019–20 winter floods. The Government continues to invest in the maintenance of existing assets. This includes an increase in maintenance funding in 2021–22 compared to the previous year. The Government will be working with the Environment Agency to maximise the benefits of this funding, including reducing properties at risk and addressing risk of further degradation. Future spending will be determined by the 2021 Spending Review.