News: 100 Hackitt demands industry change
5 September 2019 | Herpreet Kaur Grewal
Chancellor Sajid Javid has allocated £24 million additional funding for the Building Safety Programme in the government's Spending Review.
The funds are to "support the new building safety regime and help prevent a tragedy like Grenfell happening again".
The government said this announcement came "on top of £600 million of government funding for the removal of aluminium composite material (ACM) cladding in the private and social residential sectors".
Sofie Hooper, head of policy at the Institute of Workplace and Facilities Management, said: "IWFM welcomes this additional funding and the government's ongoing commitment to the building safety programme.
"However, the recent Ministry of Housing, Communities and Local Government consultation on Building a Safer Future - to which IWFM contributed with the overriding message that any new safety regime should take a whole building approach across a wider range of buildings than just higher-risk residential properties - estimates the average annual running costs for the new building safety regulator is likely to be in the region of £25million-42milion.
"The proposed building safety programme is ambitious and wide-ranging in scope; this will clearly need a substantial budget. It is intended that the regulator will be created before relevant new legislation - which will need to take additional costs into account - is passed."