Building owners can now register their interest for the £1 billion Building Safety Fund for the remediation of unsafe non‐Aluminium Composite Material (ACM) cladding. The deadline for registering interest is 31 July 2020 and anyone that goes on to apply for funding would be expected to start construction work on site before 31 March 2021.
This fund, which is in addition to the £600 million fund for the remediation of ACM cladding, applies to residential buildings over 18 metres in both the private and social sectors and has been designed to address some of the financial obstacles to remediation being carried out quickly.
Information about the specific systems that are eligible for the fund can be found in Annex A to the fund prospectus. Funds will be allocated on a ‘first come, first served’ basis and there is no limit on the amount that individual building owners can apply for.