Cladding remediation costs may threaten housing construction goals
Cladding remediation costs may threaten housing construction goals.
An MP warned that the increasing cladding remediation costs may cause social housing developers to stop their housing construction ambitions.
During the debate on the Building Safety Bill, the Labour MP for Hammersmith Andy Slaughter stated that the government should increase the Building Safety Fund (BSF) to tackle the country’s dangerous cladding problem.
The government has faced repeated calls to increase the value and breadth of the BSF, which covers aluminum composite (ACM) cladding buildings with a height of more than 18m.
In April, the Housing, Community and Local Government Committee stated that the government should increase the value of the fund to cover buildings under 18m.
Currently, developers of buildings between 11 and 18 meters away can apply for loans for restoration work.
In its 2017 budget announcement, the government committed to build 300,000 new houses each year by the middle of the decade. It is far below last year’s level, with only 127,580 houses built in total.
Would you like an offer on your construction and building company in the next 14 days?
Book your strategy session http://jlawgroup.co.uk/strategy-session
Or call us right NOW on: 0208 0640254
Follow Us on Social Media: