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<p>We have been clear that building owners and industry should make buildings safe
without passing on costs to leaseholders – where they haven’t stepped up, we have
stepped in. The Government has announced a globally unprecedented investment of over
£5 billion in building safety and hundreds of thousands of leaseholders will be protected
from the cost of remediating unsafe cladding from their homes. Lower-rise buildings
between 11 and 18 metres will gain new protection from the costs of remediating dangerous
cladding through a Government backed financing scheme. The Government is conscious
of the need to make any financing scheme affordable for leaseholders. That is why
we have said that the financing scheme will have a £50 a month cap. Now that the financing
solution has been announced, we will publish more details on how it will work as soon
as we are in a position to do so.</p>
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