Flood risk assessments (FRAs) or Flood Consequence Assessments (FCA) are a critical component of any development project, particularly in areas that are prone to flooding. The purpose of an FRA or FCA is to identify potential flood risks and evaluate their impact on the development, as well as to propose mitigation measures to minimize these risks.

The importance of flood risk assessments lies in their ability to inform the decision-making process for development projects. By identifying potential flood risks and evaluating their impact, developers can make informed decisions about the design and location of the development, as well as the types of mitigation measures that will be required.

FRA or FCAs can help to minimize the risk of damage to property and infrastructure, as well as to reduce the risk of injury or loss of life. They also help to ensure compliance with local regulations and environmental standards and can help to build trust and confidence with stakeholders, such as local communities and regulatory agencies.