Section: Building Safety Measures

New £1 billion building safety fund to remove dangerous cladding from high rise buildings

Posted 27.05.20
GOV.UK: Further reading

Building owners have been urged to act and put the safety of residents first as the government's £1 billion Building Safety Fund to remove dangerous cladding was launched.

It comes as the government publishes the prospectus for the fund which will meet the cost for remediation of unsafe non-ACM cladding systems on residential buildings in the private and social sector, that are 18 metres and over and do not comply with building regulations.

This fund is predominately targeted at supporting leaseholders in the private sector facing significant bills. However, the government is clear that for leaseholders living in buildings owned by providers in the social sector, it will provide funding to meet the provider's costs which would otherwise have been borne by leaseholders. The government expects landlords to cover these costs without increasing rent for their tenants.

The government is already providing £600 million for the replacement of ACM cladding systems bringing total funding for remediation up to £1.6 billion.

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