Budget 2020: £1bn fund to remove unsafe cladding from high-rise buildings

The Chancellor has announced a £1 billion fund to remove unsafe cladding from high-rise residential buildings, as the Government continues to deal with the legacy of Grenfell.

Rishi Sunak announced the money to scrap all combustible cladding materials from all residential buildings over 18 metres tall in the Budget on Wednesday.

The Government had previously committed a total of £600 million to get rid of the type of panels like those used on Grenfell.

This was made up of:

  • £400 million for removal of the material from social housing blocks

  • An additional £200 million to scrap it from private buildings

At the Citiscape building in Croydon residents faced a £2m bill to replace its Grenfell-style cladding

Expert advice is clear, that new public funding must concentrate on removing unsafe materials from high rise residential buildings. So today I am creating a new building safety fund worth £1 billion - that is what the experts have called for, that is what the select committee has called for, that is even what the opposition have called for. That new fund will go beyond dealing with ACM to make sure that all unsafe combustible cladding will be removed from every private and social residential building above 18 metres high.

Rishi Sunak, Chancellor

Rishi Sunak also said that the Housing Secretary, Robert Jenrick, will also make sure that: "Developers and building owners do their fair share as well."

Last year, the first stage of an inquiry into the Grenfell Tower fire found that the cladding system was the "principal" reason for the flames' "profoundly shocking" spread up the north Kensington block in June 2017.