– a study for Calderdale Council and DEFRA
LWM has been working on a study for Calderdale Council to provide greater understanding of the scale, reach and complexity of the economic impacts of flooding and flood risk in the Upper Calder Valley and how this relates to community economic resilience.
Funded through the DEFRA Flood Resilience Community Pathfinder programme, the study investigated impacts of the major floods that hit the Calder Valley in June and July 2012, firstly on a ‘first tier’ of flood-affected businesses and then the impacts on their suppliers, customers and employees in the area, to give a sense of the collective ‘multiplied’ economic impact of flooding and flood risk.
The assumption can sometimes be made that the UK economy gains from flooding, for example because flooded businesses have to spend on replacement stock and refurbishment. This study is an attempt to map those losses and gains to provide a picture of how the local area is affected overall, to increase understanding and help support agencies in decision-making.
The results demonstrate the variability of these impacts and how they interconnect, giving a sense of the complexity and scale and showing both losses and gains to the local economy – but with negative impacts significantly outweighing the positive.
Read the executive summary or the full report as follows: