The money is coming from the European Union Solidarity Fund and is on top of the £88 million that has already been made available to flood-hit areas.
Local authorities will be consulted on how much cash they need for restoration and police and fire services will also have access to the funds. A payout will be made in due course.
Mr Healey said: “Because central Government will formally account for the EUSF grant, local government can be free to use this money as they see fit to ensure it makes a real difference."
Funding will also be allocated to the Northern Irish and Welsh devolved administrations in line with the damage they suffered.