{"id":109245,"date":"2022-04-13T14:56:18","date_gmt":"2022-04-13T13:56:18","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=109245"},"modified":"2022-04-13T14:56:18","modified_gmt":"2022-04-13T13:56:18","slug":"government-housing-industry-agreement","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/building-control-news\/government-housing-industry-agreement\/109245\/","title":{"rendered":"Government reveals \u00a35bn housing industry agreement to address building safety"},"content":{"rendered":"

Michael Gove has set a housing industry agreement, which will see developers commit a minimum of \u00a32bn to fix their own buildings, and contribute a further \u00a33bn through an expansion to the Building Safety bill<\/a><\/h2>\n

Under the new housing industry agreement, over 35 of the UK\u2019s biggest homebuilders have pledged to fix all buildings 11 metres+ that they have played a role in developing in the last 30 years.<\/p>\n

Gove has stated that there is little time for companies to sign up to the pledge, and those who fail to do so will face consequences.<\/p>\n

A new government scheme set out in January will also see the industry pay to fix buildings where those responsible cannot be identified or forced to in law. This follows previous confirmation that plans for a 30-year loan scheme paid for by leaseholders would be scrapped.<\/p>\n

The new housing industry agreement will be funded through an extension to the Building Safety<\/a> Levy that will be chargeable on all new residential buildings in England.<\/p>\n

This is expected to raise up to an additional estimated \u00a33bn over ten years from developers and ensure no leaseholder in medium-rise buildings faces crippling bills, even when their developer cannot be traced.<\/p>\n

\u2018A significant step towards protecting innocent leaseholders\u2019<\/h3>\n

Levelling Up Secretary, Michael Gove commented: \u201cToday marks a significant step towards protecting innocent leaseholders and ensuring those responsible pay to solve the crisis they helped to cause.<\/p>\n

\u201cI welcome the move by many of the largest developers to do the right thing. But this is just the beginning. We will do whatever it takes to hold industry to account, and under our new measures there will be nowhere to hide.<\/p>\n

\u201cThe pledge published by government today commits developers who have signed up to legally binding contracts, and to implement their promises as soon as possible.\u201d<\/p>\n

Under the new housing industry agreement, developers will:<\/h3>\n