Ideaproject

1. The Business of Coastal Management
Capturing the benefits from mitigating risk to
deliver coastal resilience infrastructure projects
Paul Mackie
Coastal Strategic Development Manager,
Coastal Partnership East: North Norfolk, Suffolk Coastal,
Waveney District & Great Yarmouth Borough Councils
working in partnership

2. The Partnership
Funding model

3. Thinking wider
Capturing the full cost of disasters enables us to
present a stronger business case to mitigate these
risks

8. Risk, Resilience and Response
in a Changing Climate
Convened by Environment Agency Organised by TrioTelford International Centre, February 23-25 2016
Financing Resilience, Paul Mackie, Suffolk Coastal & Waveney DCs

9. Our projects are catalysts for growth.
They are an ‘enabler’, unlocking investment by
minimising uncertainty.
So we sell the benefits from mitigating risk,
rather than the cost of not mitigating them.

13. Lowestoft
Image data ©2016 Google
Earth, ©2016 Getmapping plc

14. December 2013 tidal surge – catalyst for change
• Largest in Lowestoft since 1953;
• Over 160 properties affected;
• Businesses brought to standstill;
• Highlighted the inadequacy of
Lowestoft’s defences and the impact on
existing and potential growth (from all
sources of flooding).

15. Tidal flood risk assessment
Image data ©2016 Google
Earth, ©2016 Getmapping plc

16. The project will:
• Reduce the risk of flooding from all
sources;
• Facilitate economic growth;
• Stimulate development and creation of
jobs;
• Maintain effective flood risk management
for Lowestoft in the long-term.

17. £7.6m
Central
Government
£2.8m
Local
Levy
£3m
Suffolk
CC
£1m
Waveney DC
£10m
Local
Enterprise
Partnership
£1m
Anglian Water
Projected total
£25.4m

18. Challenges:
• Those exposed to risk now need to co-
finance mitigation projects
• We struggle to value to true economic
impact of flood / erosion
• We therefore struggle to present a
compelling business case in cost/benefit
terms

19. Into the Dragons Den

20. By capturing the full benefits of mitigating
risk we can finance our projects in new ways:
 Borrow the money based on future income
 Engage traditional investors, using value
generated from risk mitigation to repay them
 Approach public sector bodies for co-financing
 Bid for investment from innovative organisations
looking to invest in projects which generate
wider value

21. In a nutshell
Our projects generate a wide range of benefits.
Risk reduction is just one.
To unlock new solutions to the funding challenge we are:
 Looking beyond traditional approaches
 Capturing the full range of benefits
 Looking for ways to create added value
 Presenting our projects to funders in new ways