To ask Her Majesty's Government when they intend to publish their plans about the support they intend to provide to leaseholders in buildings below 18 metres in height that require fire safety remediation work; and what additional support they plan to provide to those leaseholders beyond the provision of the Government-backed loans they announced on 10 February.
26 April 2021
Between 11 metres and 18 metres the risk profile of buildings is different and will not always require the same level of remediation when risks are identified. However, we want to make sure the residents and leaseholders in these buildings also have peace of mind and financial certainty. That is why the Government has announced a generous financing scheme which will mean that buildings of 11-18 metres in height will be able to access finance for the remediation of unsafe cladding, with a commitment that leaseholders will not need to pay more than £50 a month towards this. By providing this financing scheme we are ensuring that funding is available for remediation, accelerating the process and making homes safer as quickly as possible.
On 10 February the Government announced it will provide an additional £3.5 billion, which builds on steps already taken to support leaseholders, including £1.6 billion of funding to remediate unsafe cladding, the £30 million waking watch fund to help end excessive costs and new legislation in the Building Safety Bill which will ensure homes are made and kept safer in future. This brings the total investment in building safety to an unprecedented over £5 billion.
We realise the need to get unsafe cladding remediated as swiftly as possible as public safety is our first priority. We will publish further details as soon as possible.