27/01/2022
by: Mary-Anne Bowring/Development Finance Today
Government Demands Developers Fix Cladding Crisis
The UK government has issued a strong warning to developers, stating they must cover the costs of remediating unsafe cladding. This move marks a significant shift in the government’s approach to building safety.
Michael Gove’s Ultimatum to the Industry
Secretary of State Michael Gove has given developers until early March to agree on a fully funded plan to fix cladding issues on buildings between 11 and 18 meters, an effort estimated at £4bn. Failure to comply could lead to legal action and restrictions on government funding.
Potential Government Actions Against Non-Compliance
Gove has outlined several measures to ensure compliance, including restricting access to government funding, using planning powers, and pursuing legal action against companies that fail to take responsibility. If necessary, the government may introduce legislation to enforce a solution.
Industry Reactions to the Announcement
Mary-Anne Bowring, group managing director at Ringley, called the announcement a “vindication” for thousands of affected property owners. However, she highlighted that funding would only cover cladding replacement, while broader fire safety upgrades remain a significant financial burden.
Concerns Over Funding and Fairness
Bowring also raised concerns about how the funding will be secured, the accessibility of grants, and the fairness of imposing a blanket tax on developers. She argued that responsibility should lie with those originally responsible, many of whom ceased operations following the Grenfell tragedy.
The Road Ahead for Developers and Homeowners
While the government’s push for accountability is welcomed, questions remain about implementation, funding transparency, and whether developers will comply with the new demands. The coming months will determine how this crisis unfolds and who ultimately bears the financial burden.
While the government’s push for accountability is welcomed, questions remain about implementation, funding transparency, and whether developers will comply with the new demands. The coming months will determine how this crisis unfolds and who ultimately bears the financial burden.
https://www.developmentfinancetoday.co.uk/article-desc-8911_Government%20forces%20developers%20to%20fix%20cladding%20crisis:%20Industry%20reacts






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