The Housing Secretary Robert Jenrick announces the government will pay for the removal of unsafe cladding for all leaseholders in high-rise buildings, providing reassurance and protecting them from costs.
In addition a new levy and tax on developers to ensure industry contributes and measures announced that will boost the housing market and free up homeowners to once again buy and sell their properties.
This will ensure funding is targeted at the highest risk buildings in line with longstanding independent expert advice and evidence, with Home Office analysis of fire and rescue service statistics showing buildings between 18 and 30 metres are four times as likely to suffer a fire with fatalities or serious casualties than apartment buildings in general
Lower-rise buildings, will gain new protection from the costs of cladding removal with a new scheme offered to buildings between 11 and 18 metres. This will pay for cladding removal – where it is needed – through a long-term, low interest, government-backed financing arrangement.
For more information view the full announcement here: