In the March 2020 budget, the government announced that it will provide £1 billion in 2020 to 2021 to support the remediation of unsafe non-ACM cladding system on residential buildings 18 metres and over in both the private and social housing sectors.
The Building Safety Fund application deadline has been extended to 30th June 2021 and the fund has been topped up by an additional £2.5bn, with the Government making clear its view that no leaseholder in a building above 6 storeys or 18m (which is consistent with the current definition of Higher Risk Building in the Building Safety Bill) should have to pay for remedial work undertaken to unsafe cladding.
Building owners, freeholders or responsible entities who consider they may be eligible for the fund based, are asked to answer the questions via an on-line registration form that will made available on 1 June 2020 until the end of July 2020.
The Funding Requirements
- Do you have leaseholders who would have to pay for this work?
- Is your building over 18m (according to diagram D6 of Approved Document B)?
- Would the cost of the required remediation works threaten the financial viability of the provider or the Housing Revenue Account?
If the answer to the above questions is yes, you may be eligible for the fund.
For More Information
For more information relating to the Building Safety Fund for the remediation of unsafe non-ACM cladding systems please see the following web page: https://www.gov.uk/guidance/remediation-of-non-acm-buildings#how-to-register-interest-in-the-fund
Capital can assist with funding applications
At Capital we have previous experience of ACM funding applications and can offer to manage our clients funding applications for non-ACM through our links with Government Departments administrating the funding. We have significant experience and understanding of all stages of cladding remediation works, including identification, investigation works, option appraisal reports, design solutions, procurement and delivery of projects on site.