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Commenting on the Budget, The Property Institute’s Chief Executive, Andrew Bulmer said:
“Government has rightfully recognised that the pace of remediating buildings has been too slow. There are still 3,000 residential buildings that have not yet been made safe. We welcome the remediation investment announced today, but the acceleration plan needs to move forward with urgency in three clear areas to protect residents.
“Firstly, we need remediation funding schemes consolidated under one delivery partner to improve efficiency and transparency over the application process; secondly, there must be a defined deadline for completion of works – holding to account developers who have pledged to fix the safety problems; and thirdly, we want to see greater collaboration with our industry to help develop the acceleration plan, to ensure that it works in practice and is proportionate.”