By Damian Carrington

Private companies aren’t investing in the sector as expected to stump up a quarter of £2.3bn needed to protect 300,000 properties

England’s flood defences face a £600m hole unless ministers can demonstrate that the private sector will deliver the sum, a committee of MPs warned on Tuesday.

The government has cut spending on flood defences since 2010, but has sought to supplement the money available by attracting investment from private companies.

Via: http://www.theguardian.com/environment/2015/feb/10/englands-flood-defence-funding-faces-600m-shortfall-mps-warn