SOS August 2011
Funding Procedures & Selsey Coastal Trust
With the change in the way coast defences are funded, we are in
new territory. We should get some government funding towards our
defences, but not the full amount. Within the coming months we will
discover what percentage of funding we are likely to get.
The decision-making body for coastal defence funding in England
is the Regional Flood & Coastal Committee (RFCC). Ours is the Southern
RFCC, which covers the area from Kent to Hampshire.
The RFCCs approve the Environment Agency’s expenditure on Flood
and Coastal Erosion activities and works. The Southern RFCC is made up
of 14 representatives from Local Authorities, along with 8 Independent
members appointed by Defra, and a Chairman. West Sussex County Council
has one seat (rising to two soon). One of the Independent
representatives happens to be from Selsey.
The committee has to ensure there are coherent plans for dealing
with flood & coastal erosion risk; it promotes cost-effective investment
in defences & risk management; it provides a link between the various
agencies which deal with flood & coastal erosion. It has a budget (from
government) of £53.2m. Out of this £31.4m is to be spent on capital
projects (e.g. new coastal defences ) and £21.8m on revenue expenditure
(e.g. day-to-day maintenance of defences).
Although these figures are big, they are nowhere near enough to
pay for the hundreds of coast, and inland, flood & erosion defences that
communities across the entire Region would like. For a scheme to have
any chance of funding, its benefits (e.g.value of property saved) must
be at least 7 times the cost of the works. Even then, it’s only likely
to get partial funding.
With a partially-funded scheme, the RFCC can’t release the
government element of the funding unless the remainder of the cash has
been found elsewhere. So, communities will increasingly have to find
hard cash to put into their coastal defences, or they won’t be given any
government funding. How can a small town like Selsey raise cash (in our
case, £40k pa may be needed)?
It’s for this reason SOS donated £250 towards the Selsey Coastal
Trust. The Trust is currently trying to raise £5000 in order to
incorporate and start the major fundraising it needs. Once up & running,
it will carry out some money-making, but sensitive, regeneration schemes
in Selsey. It will put the surplus money it makes into our coast
defences.
The Trust is also looking for suitably experienced pro-active
people to join its Board (as volunteer Trustees). If you have business,
finance, property development, marketing or fundraising expertise and
are interested, contact the Trust at
info@selseycoastaltrust.org.uk.
More information is on its website,
www.selseycoastaltrust.org.uk.
We wish the Trust well and will keep a close eye on its development over
the coming months.