More than 1,400 flood defence projects are to receive funding to protect 300,000 homes, the Treasury has said.
The £2.3bn investment, which is not new money, will help prevent £30bn damage in areas including the Thames and Humber Estuaries in the next six years.
The Environment Agency is reviewing the flood risk around the English coastline from high waves.
It says some of its existing maps may underestimate the risks to coastal communities.
About 6,500 homes have been flooded in the UK since December. But what happens to a house when the flood water recedes?
For many flood victims, it's when the water goes down that people hit rock bottom.
"All the initial bonhomie and community cohesion goes and people are confronted with the harsh reality that their home has been badly flooded," says Mary Dhonau, who became a flood consultant after her home was flooded in 2000.
The government could see as much £4.3tn written off the value of properties in high flood-risk areas unless it rethinks the way insurance and mortgages are going to be provided for such vulnerable areas.
The warning came as peers urged the government to revise plans to exclude up to 5m households from its proposals to provide subsidised insurance to households in areas of high flood risk.
Politics is about timing and a back-bench Conservative MP might just be in luck.
Before the current flooding crisis, the Nottinghamshire constituency of Sherwood MP Mark Spencer had been affected by a series of flash floods last year.
RICS advises homeowners to check flood prevention measures on their property
With heavy storms occurring and weather warnings being issued across many parts of the United Kingdom, RICS has today called on homeowners to check that they have all their flood protection measures in place and to prevent additional problems by making sure things such as gutters and drains are cleared of blockages.
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