Sense has prevailed! MHCLG grant 6-month extension to the Building Safety Fund and £30m Waking Watch Fund revealed

The MHCLG have granted a 6-month extension to the deadline for building owners to complete applications to the non-ACM Building Safety Fund (“the Fund”).

Applicants who have already registered for the first tranche of the Fund (private building owners) will now have until 30 June 2021 to submit full applications based on tender prices (extended from 31 December 2020). This extension also applies to building owners who are Registered Providers and those who are entitled to apply under the second tranche of the Fund.

Previously, it was a stated pre-condition to funding for both tranches of the Fund that works must commence on site by 31 March 2021. That deadline has now been extended to 30 September 2021.

The Government has also announced a £30 million Waking Watch Relief Fund (“the Relief Fund”). The Relief Fund has been set up to cover the installation of fire alarm systems in high-rise buildings with combustible cladding in order to completely remove or reduce the requirement for interim safety measures. For example, the Relief Fund will reduce the financial burden imposed on leaseholders to cover excessive waking watch fees.

The National Fire Chiefs Council have been clear in their guidance that building owners should install common fire alarm systems as soon as practicably possible to reduce or remove the requirement of a waking watch. The Relief Fund seeks to assist building owner’s ability to follow this guidance. Furthermore, the Relief Fund reduces the risk of leaseholders incurring excessive fees to cover interim safety measures by providing financial support to those seeking to implement a better, long-term fire safety system.

The Relief Fund will open in January 2021 and Devonshires will circulate a detailed note regarding the Relief Fund and application process once the Government releases further details.

For more information, please contact Mark London, Michael Wharfe, Yaasica Hamilton-Haye or Ellie Fletcher.

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