Housing secretary Robert Jenrick has launched a £1bn Building Safety Fund to help property owners remove dangerous cladding.
The finance, which was announced in the March Budget, will be available for non-ACM cladding on residential buildings that are 18m or taller.
Documents detailing eligibility for building owners state that the fund will meet the cost of remediating non-ACM cladding systems “where building owners are unable to do so”.
Building owners have been invited to register buildings between 1 June and 31 July. Successful applicants will receive finance to meet the capital costs, which would otherwise be passed on to leaseholders.
It will not be available for remediation on buildings that had been committed to prior to the March announcement, but will be limited to buildings where it is possible for work to begin in the 2020/21 financial year.
The new finance follows a £600m fund for the replacement of ACM cladding.
It also comes alongside new guidance published today that requires all new residential buildings over 11m to be fitted with sprinkler systems following a consultation last year.
Jenrick said: “I will not accept any excuses from building owners who have yet to take action and those responsible should register for the fund so that they can start the remediation process immediately. I have also reached an agreement with local leaders so that this important work can continue safely during the pandemic.”
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