You are an economic actor if you are a leaseholder who uses the property principally for financial gain, for example, you let your property or use it for business purposes.
Previously, funding for your building may have been capped due to subsidy control regulations that applied to leaseholders who are economic actors.
As a result of the Building Safety Act, there will no longer be a cap on the amount of funding received through the Building Safety Fund.
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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