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16 March 2023
The Government believes this constitutes a ‘major step toward ending the building safety crisis, providing relief for the thousands of leaseholders and tenants whose homes are covered by the contract’.
The legally binding document commits signatories to fix unsafe buildings they developed or refurbished. The agreements are expected to raise at least £2 billion for the remediation costs.
Gove first announced his intentions to ensure developers paid for rensure developers paid for remediation costs in January 2022.
A year later on 30 January 2023, Gove gave developers a hard deadline of six weeks to sign the agreement, warning that companies who failed to sign may face restrictions on operating freely in the housing market.
A list of developers who have signed the contract can be found on the gov.uk website.
As of 14 March, 11 developers have yet to sign the contract. These are:
- Abbey Developments
- Emerson Group (Jones Homes)
- Galliard Homes
- Inland Homes
- London Square
- Rydon Homes
- Telford Homes
It has been pointed out by several commentators on social media that one of those who has yet to sign up to the contract is Rydon Homes. Rydon was a key contractor for the refurbishment of Grenfell Tower which took place from 2014.
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05 September 2023