Buildings: Insulation
The question
To ask the Secretary of State for Housing, Communities and Local Government, what funding her Department has provided for cladding removal and remediation in (a) 2023-24, (b) 2024-25, (c) 2025-26 and (d) each other year of the Spending Review; and how much will be raised in taxes on developers for this purpose.
Answered by Alex Norris
MHCLG has provided for cladding removal and remediation:
(a) 2023-24, £647m (Actuals)
(b) 2024-25, £438m (Actuals)
(c) 2025-26 £1003m (Current financial year budget allocation)
Following the Spending Review which agreed the overall funding envelope for MHCLG, the department will undertake a detailed budget allocation process t for 2026-27 onwards. MHCLG funding for 2026-27 onwards is therefore not currently delegated to a programme level.
We estimate that we will need to raise £3.4billion pounds from the Building Safety Levy. The levy is due to come into operation in October 2026 and is likely to be in operation for ten years. The levy will be reviewed every three years.
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