According to new government statistics, nearly 75% of applications to the £4.5 billion Building Safety Fund (BSF) have been determined to be ineligible.

According to the Department for Levelling Up, Housing, and Communities (DLUHC), since the scheme's opening in 2020, 3,611 applications have been received. The scheme aims to finance the remediation of unsafe non-aluminium composite material (ACM) cladding on residential buildings that are over 18 metres tall.

As of the end of September this year, only 27% of applications for funding to remove unsafe cladding from buildings in the UK have been approved. Out of a total of 3,524 applications, only 968 have been assessed as eligible for funding, with 802 in private sector buildings and 166 in the social sector. In addition, 96 buildings that have a combination of ACM and non-ACM cladding systems have been approved for funding. The total amount of funding awarded through the Building Safety Fund (BSF) is set to be £2.19bn, with £1.99bn for remediation in the private sector and £200m for social sector buildings. Out of the 2,460 unapproved applications, 30% were assessed as ineligible, 41% were withdrawn, and 2% were under review or had "insufficient evidence". The BSF was announced in March 2020 with a budget of £1bn, which was increased to £3.5bn in February 2021.

Registrations for the BSF were first accepted in June and July of 2020. In July 2022, it reopened for new applications.

According to DLUHC, work has been finished on 185 out of the 443 eligible buildings where remediation has been initiated.

View 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 (