William Eichler 28 July 2022

Over £4bn Building Safety Fund reopened

Over £4bn Building Safety Fund reopened  image
Image: BasPhoto / Shutterstock.com.

The Government has today reopened the Building Safety Fund to help protect leaseholders in high-rise homes from being stuck with unfair bills for building safety measures.

Announced by the Department for Levelling Up, Housing and Communities (DLUHC), the £4.5bn fund will be open to eligible leaseholders in buildings over 18m with cladding issues.

The fund has allocated over £1.3bn towards making homes safe since its launch in 2020.

The DLUHC has also launched a new online Leaseholder Protections Checker to help leaseholders understand if they qualify for financial protections under the Building Safety Act.

Secretary of state for levelling up Greg Clark said: ‘We must make homes safe. The relaunch of the Building Safety Fund today will help achieve this, but we must also ensure those in industry who acted irresponsibly pay their fair share to put things right.?

‘The Building Safety Act makes clear building owners’ liabilities and gives us powers to pursue those that continue to flout the rules.

‘It has also introduced far-reaching legal protections to relieve many leaseholders from the financial burden of fixing their homes. With these now fully up and running, I urge any homeowners who may qualify to see if they are eligible using our online Leaseholder Protections Checker as soon as possible.’

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