Most of the money was raised by a council precept paid by those living around the town and a large portion came from local businesses.
"About 90% of the money which came from businesses came from the independent shops. It was very surprising that not many of the high street national shops donated.
"They claim to be local but in this case they really disappointed us.
"I am very proud of what Cockermouth has achieved and I think we can feel more confident now in bad weather.
"These flood defences are needed and will protect from most flooding - it won't protect us from a flood like 2009 but nothing can."
More top news
Reacting to Carlisle United's latest defeat, manager Keith Curle said that new players he has line up may provide the spark they need.
Emma Jesson brings you Sunday's forecast
The family of a man who died when his mobility scooter over-turned have paid tribute to a 'gentleman' who loved the Lake District.