Sue Ryan
Partner
Article
7
Note
This insight was published prior to the Building Safety Act receiving Royal Assent on 28 April 2022. As such, whilst accurate at the time of publication, its contents may have been superseded by the changes implemented by the Act or its related secondary legislation.
You can find a list of all Gowling WLG articles relating to the Building Safety Act here.
The Government has recently published details of its plans to "reset" its approach to remediation of buildings between 11m and 18m tall, following the Secretary of State's initial announcement on 10 January 2022 (as reported in our earlier insight).
On 3 February 2022, the Department for Levelling Up, Housing and Communities (DLUHC) wrote a further open letter to residential property developers setting out its proposed "Heads of Terms" for a proposed "legally binding" agreement between the Government and developers. The draft "Heads of Terms" are set out in the letter and, broadly, they comprise of:
In each case, the scheme will cover buildings which have been built or refurbished within the last 30 years. While further work is still needed to develop the mechanics of the scheme, the basic principles set out in the letter include:
The sizing of each developer's contribution will be based on its historical profits "or other market metric", which is still to be defined.
Building on the tone of previous announcements, the letter states that "those who agree to fulfil the commitments set out will continue to enjoy the benefits of the Government's services and support on financing, procurement, planning, building control, housing investment, and industry development and leadership. Those who are unwilling to meet these criteria will not". The broad scale of this threat is unprecedented. Its implementation could be challenging for all concerned - presumably Government hopes that the "stick" itself will be enough.
To re-inforce Government's stated aim of ensuring that "the only participants in this market are those who have committed to resolving this crisis", developers who fail to meet their commitments under the scheme will be subject to obligations and restrictions. Again, the exact nature of the proposed "obligations and restrictions" remain unspecified.
While these early indications of how the scheme will work will be welcome clarification to residential developers, there is much that remains to be fleshed out:
The Government plans to make a further announcement in mid-February on the commitments both developers and product manufacturers have made to remediate buildings which they have had a role in developing. We will keep you updated as more details emerge.
If you have any queries on this or any construction related issue, contact Sue Ryan.
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