As a result of the Building Safety Act 2022, there will no longer be a cap on the amount of funding received through the Building Safety Fund.
Previously, funding for your building may have been capped due to subsidy control regulations that applied to leaseholders who were ‘economic actors’. This is no longer the case. An economic actor is anyone who uses the property principally for financial gain – for example, a leaseholder who lets the property or uses it for business purposes.
More information you might find useful:
- What is the Building Safety Fund?
- What is a ‘qualifying leaseholder’ for leaseholder protections?
- What are the leaseholder protections in the Building Safety Act 2022?
- More Frequently Asked Questions on fire safety
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