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First tranche of funding to replace unsafe cladding released 25/10/2018 Labelled as Development, Finance

Following the announcement on 16 May 2018 that the Government would fund the removal of unsafe Aluminium Composite Material (ACM) cladding, the Government has released £248 million in the first tranche of an estimated £400 million of funding.  

 

12 local authorities and 31 housing associations have been allocated money from the fund to cover the cost of removing and replacing unsafe ACM cladding from social, residential buildings they own which are 18 metres or higher.

 

Applications for 159 buildings have been received to date and 135 applications have been approved in this first tranche of funding.

 

12 applications were not eligible for funding because they didn't meet the application criteria - for example the buildings are below 18 metres, owned by commercial freeholders or the cladding is not ACM.

 

12 applications have been deferred, while building owners provide further information to the Ministry of Housing to confirm eligibility.

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