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2. Existing homes on flood plains Baseline Existing homes at risk of flooding, number 69000 107000 129000 140000 157000 602000 Option X Total cost of

2. Existing homes on flood plains
Baseline
Existing homes at risk of flooding, number 69000 107000 129000 140000 157000 602000
Option X
Total cost of retro-fitting flood resistance and/or resilience measures, /home 15000 15000 18000 20000 20000 20000
Cap on cost to be paid by household, /home 1000 5000 10000 15000 15000
Subsidy from general taxation, /home 14000 10000 8000 5000 5000
Tax revenue available each year, million pa 200 100 100 50 50 500
3. Benefit to households of improved flood resistance and/or resilience
Number of households receiving a subsidy, number pa 14286 10000 12500 10000 10000 56786
Proportion of these homes flooding each year, % pa 1.40% 1.40% 1.40% 1.40% 1.40%
Number of these homes flooding each year, number pa 200 140 175 140 140 795
Average reduction in flood damage per household due to flood-resilience measures funded by the subsidy net of cost to household of the improvements, pa 19,000 15,000 10,000 5,000 5,000
Aggregate benefit from the subsidies, million pa 3.8 2.1 1.8 0.7 0.7 9
Equity weighting 2.25 1.45 1.05 0.75 0.45
Equity weighted benefit from subsidies, million pa 8.6 3.0 1.8 0.5 0.3 14
Benefits of subsidy after equity weighting, million pa 0.0

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