THE ‘desperate’ last-minute search to fund the proposed £120m flood relief channel should be called off and other options explored, a group of experts has warned.

The project was given a ‘red’ warning last month as the Environment Agency warned the remaining £4.35m was needed by November or the scheme could be scrapped.

Negotiations are ongoing and local businesses have again been asked to contribute.

But the Sustainable Flood Plan Group (SFPG), made up of academics, water engineers and conservationists, said it would be a mistake for businesses to intervene.

Its leader Dr Kate Prendergast said: “With uncertainties around current funding commitments and un-costed and complex associated risks, it is not appropriate to ask local businesses to step in and save a doomed project.

“Numerous studies have demonstrated conveyance of flood water is not a solution to flooding, as it simply displaces the water onto communities downstream.”

Oxford Flood Alliance, a group of flood victims who have worked closely on the project from its beginning, has written to four of the largest employers in the city urging them to help.

Its chairman Peter Rawcliffe added that the group could also write to smaller businesses, particularly those on Botley Road and Abingdon Road.

The SFPG said alternatives to the ‘enormously costly’ project should be explored.

Dr Prendergast said: “We must design and implement plans we know work such as the moorland restoration in Somerset and upland planting in the Peak District.

“Plans which take into account the effects of climate change, respect the role of flood plains in protecting us from flooding and acknowledge the limits to agricultural and urban development.”

The Environment Agency said it looked at more than 100 options before settling on the channel and was confident of finding the remaining millions.

Engagement support officer, Sally Freeman, said: “The scheme will keep Oxford open for business while at the same time reducing flood risk to all home and businesses in the city.

“It is running to time and the partners are confident in the strength of ongoing negotiations with contributors.”