Housing secretary Michael Gove has been locked in negotiations with large housing developers over who will foot the bill for correcting fire safety defects since January.
Developers may be forced to agree upon a government ‘pledge’ to pay for corrective fire safety works to blocks that are 11 metres tall built in the past 30 years without recourse to taxpayer funding.
Funding for these blocks needs to be worked out to progress an agreement. Mr Gove has previously asked the industry to provide £4bn in funding, including for blocks they did not build.
Over £5bn of public money has already been committed to fund fire safety remedial work, but this has been limited to buildings that are taller than 18 metres and only covers the removal of combustible cladding, which is often just a proportion of the overall cost.