More than 35 home builders have agreed to spend £2 billion to fix unsafe coatings on high-rise buildings in the UK, said Michael Gove, housing secretary.

The move was expected after Gove asked 53 home builders to contribute to the repair of the buildings they had a role in the development of. More than 35 people said they would commit £2bn, but that still leaves an extra £3bn needed to tackle fire safety issues in tall buildings across the country.

Gove said a further £3 billion would be raised with the extension of the building safety tax, forcing the industry to pay for work to repair buildings that developers cannot trace or are forced to pay for. . This will be paid by developers applying for building control approval for higher-risk residential buildings in the UK.

Gove urged unregistered companies to commit to doing so voluntarily, saying they would face consequences if they didn’t.

The government is introducing new powers that will allow housing clerks to block people who refuse to live up to their pledge to build and sell new homes. The proposed laws, published in February under the building safety bill, are also intended to ensure lessors have a cost cap for past safety failures of the building.

“Today marks an important step in protecting innocent tenants and ensuring those responsible pay to address the crisis they helped cause,” Gove said. I welcome the move of many of the biggest developers to do the right thing.

“But this is just the beginning. We will do whatever is necessary to solve the industry problem and under our new measures there will be nowhere to hide.”

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