The Public Sector
TU Wien Bibliothek
The Public Sector
TU Wien Bibliothek

Journal Article

Title The use of economic valuation to activate alternative financing mechanisms for flood protection
the case of Partnership Funding
Author Paccagnan, Vania
Published on 17 May 2018
Published by Technische Universität Wien
Published in Volume 44 • Issue 1 • 2018 , pages 23-34
AC AC15059612
DOI 10.34749/oes.2018.2689
URN urn:nbn:at:at-ubtuw:4-2689

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Abstract (English)

In the past flood defence projects in England were funded largely from the national budget. In 2011, Partnership Funding (PF) was introduced as a new approach to the financing of projects to reduce flood and coastal erosion risks. The new policy encourages the sharing of project costs between national and local public sources and uses an economic assessment to provide guidance on the level of funding that should be sought from third parties. By making explicit the beneficiaries of flood protection policies, economic valuation might, increasingly, affect not only the concrete actions introduced to meet policy objectives (the "what" of policy making) but also the actors implementing these measures (the "who") and the sharing of the financial burden among the affected parties (the "how"). We conduct an indepth policy review that combines qualitative analysis of policy relevant information (including legislation, guidance notes and information on specific projects) with quantitative analysis of (publicly available) project data. Our analysis shows that although since PF was introduced local contributions have increased com-pared to previous years, the majority of funding still comes from central government. We suggest that disadvantaged areas should be better targeted

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CC BY-NC 4.0 Creative Commons Attribution-NonCommercial 4.0