It includes funding for schemes such as creating sustainable drainage systems - and building hollows in the ground to catch flood water in heavy rain, before storing it to tackle summer droughts.
Insurers have also been asked to pay to improve flood-hit homes so they are more resilient.
The policy allowing building on plains liable to flood will be reviewed.
And £200 million of the floods budget will be earmarked for measures including natural flood prevention to capture water on farmers' fields during heavy rainfall.
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#Climate Change
Atlantis Viewpoint
"Critics say the schemes do not go far enough at a time of climate change."
Climate change doesn't simply cause temperature increases across the globe, it is also causing flooding, storms, etc.
