THE GOVERNMENT is set to announce £5 billion in funding today to help remove flammable cladding from tower blocks. According to reports, Housing secretary Robert Jenrick will set out a package of measures when he addresses the House of Commons later on Wednesday. Plans under consideration are believed to include a £5 billion grant on top of the £1.6 billion safety fund that leaseholders can currently apply to. It is also reported that grants to remove cladding will only be available to those living in buildings higher than 18 metres, with those in smaller ones having to rely on loans for the cost of the work.
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On the positive side, they discovered this week the Axis is eligible for the Building Safety Fund (BSF), a £1billion pot intended to ensure leaseholders don t foot the cost of removing non-ACM cladding.
But eligibility doesn t guarantee award. Equally, if they are successful, there s no guarantee the grant will cover everything, and leaseholders aren t currently protected against being charged for the shortfall.
Paul said: There is an emotional impact of worrying about where they will get the money from to pay for all the work.”
This issue is also being debated as part of a separate piece of legislation - The Fire Safety Bill - to which there is a proposed amendment that seeks to ensure the costs of historic work cannot be passed on to leaseholders.