Flooding: is your business prepared for the great British weather?
It’s hard to believe that six months have passed since the wettest winter on record; however it’s not easy to forget the devastation that the flooding brought to residences and businesses throughout the south of England. The floods cost small businesses across the country a combined £831m, according to the Federation of Small Businesses (FSB). Data released by the FSB found that small businesses in flood-hit areas lost on average £1,531 each, due to the impact of the floods.
Following a rigorous assessment of flood defences, the Environment Agency identified around 1,000 sites that were in need of repair following the floods. The £270m funding to fix those sites will bring some comfort to those businesses that suffered; however in order to prevent the same costly impact in the future, businesses must prepare for and take steps to mitigate the future risk of flooding.
The natural environment or great British weather can be difficult to contend with as it is so unpredictable. However, the recent floods have highlighted a need for businesses to consider the external risks that might affect them…
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Briefings from B P Collins
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