£200m fund established to correct Grenfell-style cladding
May 9 2019
The UK government has allocated £200m to fund the replacement of dangerous cladding on high-rise buildings where private developers have refused to step in and pay for expensive remedial work after some developers refused to pay for the work.
This would be allocated to around 170 high-rise buildings identified as being at risk – a further 23 social housing tower blocks will also be re-clad under a previous funding commitment.
Building owners now have three months to claim from the fund subject to a commitment to take ‘reasonable steps’ to recover costs from private developers.
Since the tragedy, some developers have reached agreements to replace cladding which fails to meet more stringent fire safety standards, including Taylor Wimpey which has pledged £10m to replace aluminium composite material at 300 Glasgow Harbour properties.
Edinburgh Napier University was also quick to replace Reynobond PE cladding from student residences at Fountain Park amid similar fears.
The funding confirmation comes two years on from the Grenfell Tower blaze which claimed the lives of 71 people, sparking revisions to building standards.