Buildings that measure between 11m and 18m that require remediation for life-critical safety defects, are to be funded by the new Mid-Rise Scheme, which is due to launch this spring.
The scheme was devised by the UK government to make the construction industry pay for the safety defects it is responsible for, protect leaseholders from remediation costs and ‘restore common sense to the assessment of building safety risks speeding up fixing the highest risk buildings and stopping buildings being declared unsafe unnecessarily.’
The Mid-Rise scheme was piloted in November 2022 with a £3 billion fund and will be rolled out across the country in 2023 so that leaseholders of any residential building that is more than 11 metres and less than 18 metres in height, should not have to pay towards the cost of cladding remediation.
At the moment, there is no firm date for the launch, although early indications suggest that it will be in late March.