Horncastle householders can expect lower home insurance premiums following the delivery of a flood scheme, says the Environment Agency.
Senior advisor Andrew Barron made the claim at a presentation on the £8.8M project at last week’s Annual Parish Meeting of Horncastle Town Council.
He told the 20 or so public present, plus town councillors, that the planned scheme would use unique technology from Austria that would “create a big storage bucket to hold water rather than it flow uncontrollably into the town”.
“The bucket will have a hole in it, to try and control the flow, to take the big whoosh out of the flow,” he said.
A big, cylindrical ‘float’ would limit the water flow by being able to ‘throttle back’ the water if flooding increases.
A planned 720m embankment off Green Lane, Hemingby, would also include “trash screens” to reduce the debris that might also flow into Horncastle.
Mr Barron said plans were submitted to East Lindsey District Council in March, with them set to be determined this month.
If approved, work would start in July, with construction to finish in April 2016.
Negotiations continue with landowners to gain consent to use their land, but the agency could proceed with it.
Contingencies have been made for unexpected risks or costs such as unexpected archaelogy, environmental issues, ground conditions and weather.
Flood relief schemes elsewhere have led to lower insurance premiums for affected householders, but it would depend on individual insurance companies.
“Currently, history shows Horncastle is at risk of flooding every ten years.
“The scheme we seek to implement reduces that to one-in-100. It’s a marked change,” he said.