'Too many developers, along with product manufacturers and freeholders, have profited from these unsafe buildings and have a moral duty to do the right thing.'
Speaking to BBC News, Mary-Anne Bowring, group managing director at residential property consultancy, Ringley Group, questioned the "fairness" of the development industry being forced to bear the cost, especially after "the government is partly to blame" for the problem. She added that the entire industry should not be forced to pay for "individual bad actors".
Hundreds of modern buildings were discovered to have materials which posed a fire risk, including flammable cladding and insulation. However, in an official apology to bereaved families at the Grenfell inquiry, as well as in public statements, ministers have made clear they believe significant blame lies with those building companies which used products known to perform poorly in fires.and the value of many such flats has plummetedAs well as the building companies' contributions, a further £2bn will be committed to buildings which are 11 metres or higher by the Department for Levelling Up, Housing and Communities.
Group chief executive of Persimmon, Dean Finch, said the firm was already committed to "protecting leaseholders in multi-storey buildings we constructed from the costs of remediating cladding and life-critical fire-related safety issues". While their actions have been investigated by the inquiry and the police, they are not part of the scheme announced on Monday.
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