In August, we published an article clarifying the applications process for the Building Safety Fund. There is a separate process for social housing providers who wish to claim funding for eligible remedial works costs that would otherwise be charged to leaseholders – this does not require building owners to demonstrate that paying for work would threaten their financial viability to be eligible.
We know that some of our members will want to claim for funding through this channel ahead of the 31 December deadline, and this update provides further clarification on how the process works.
The government has published guidance for social sector landlords that want to pursue the claims process. Social landlords did also have the opportunity to apply for funding to cover cladding remediation costs for each eligible building, should doing so have affected their financial viability – however, this application process has now closed. Guidance for both of these processes is available on the Building Safety Fund homepage.
The social sector grants process allows building owners to claim for funding equivalent to the value of work that would otherwise be charged to leaseholders. It is part of the same £1bn overall pot available for funding through both channels, and is being allocated on a first-come, first-served basis. It will only cover eligible works on eligible buildings, however, with details available in the guidance.
Details of the claims process are as follows:
While we acknowledge the government’s efforts to speed up the remediation of non-ACM cladding systems through the Building Safety Fund, we remain concerned about the lack of overall funding and the limitations this presents for our members. We are continuing to work with the government to explore solutions to speed up, coordinate and fund remediation across the sector and, importantly, call for this to be directed first to buildings that present greater risks. This work remains an absolute priority for our members.
If you have any questions about the Building Safety Fund, please get in touch.