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<p>On 10 February, the Secretary of State announced an unprecedented investment in
building safety and hundreds of thousands of leaseholders will be protected from the
cost of replacing unsafe cladding on their homes. The Government has rightly targeted
funding at the removal of dangerous cladding to make homes safer, quicker – the costs
for remediating this are high, and the risks posed by it are also high.</p><p>Our
approach prioritises action on buildings 18 metres and above, where risk to multiple
households is greater when fire does spread. This is in line with longstanding expert
advice on which buildings are at the highest risk.</p><p>We want to go further, and
through an additional package we will provide a financing scheme for the remediation
of dangerous cladding to support remediation of buildings of between 11 and 18 metres
in height. As part of this financing scheme, leaseholder payments towards remediation
costs will be capped at a maximum of £50 per month.</p><p>We are also providing £30
million in funding to pay for the costs of installing an alarm system in high rise
residential buildings with unsafe cladding. Common alarm systems will enable costly
waking watch measures to be replaced in buildings waiting to have unsafe cladding
removed.</p><p>Section 11 of the Building Safety Bill: Impact Assessment provides
estimates of the average costs per building for addressing safety remediation in high
rise (18m and above) buildings. These estimates consider all necessary remediation,
which goes beyond façade remediation.</p>
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