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<p>Our £5.1 billion investment in grant funding for cladding remediation on residential
buildings of 18 metres and taller in England will protect hundreds of thousands of
leaseholders from the cost of remediating unsafe cladding on their homes.</p><p>We are
also stepping in to provide a generous finance scheme for the remediation of combustible
cladding on medium-rise residential buildings, where the risk is lower. Under this
scheme leaseholders in residential buildings between 11-18 metres will pay no more
than £50 per month towards the cost of combustible cladding remediation.</p><p>Government
funding does not absolve building owners of their responsibility to ensure that their
buildings are safe. They should consider all routes to meet costs, protecting leaseholders
where they can - for example through warranties and recovering costs from contractors
for incorrect or poor work.</p><p>Under the Defective Premises Act, compensation can
be claimed from anyone responsible for the defective work, such as developers, builders
and other contractors, architects and designers.</p><p>We have seen many responsible
developers and building owners stepping up to take responsibility for correcting these
defects - for example, in more than half of the high-rise private sector buildings
with ACM.<strong> </strong></p>
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