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
• Avant
• Ballymore
• Dandara
• Emerson Group (Jones Homes)
• Galliard Homes
• Inland Homes
• Lendlease
• 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.

To finish reading the full article, visit the SOURCE here. 

Our eNews provides regular insight into industry trends, news headlines, and product and service information. For news articles parallel to those mentioned above, sign up for our eNews. Click here to sign up: Subscribe to our enews (fia.uk.com)