We understand the Government’s argument that businesses are in a different position compared to households in respect of flood insurance cover. However, we are concerned about the position of small and medium-sized enterprises, which do not benefit from any Government-backed initiative, equivalent to Flood Re, that would smooth the transition to risk-reflective pricing. Access to affordable insurance cover is crucial for improving flood resilience, and the Government must ensure that small and medium-sized businesses are not disadvantaged in this regard. The Government should work with industry and stakeholders to establish, as a matter of urgency, additional measures, beyond guidance and signposting, to support small and medium-sized businesses to access affordable flood insurance cover. (Paragraph 108) 52 Flooding Managing water