10 Jun 2022

On 9 June 2022, the Government published a consultation on proposed Higher Risk Buildings (Descriptions and Supplementary Provisions) Regulations which complete the definition of higher-risk building for the new building safety regime. The deadline for responding to this is 21 July 2022. AREF’s Residential Funds Working Group are reviewing the consultation.

The Government published, on 16 May 2022, the policy paper: Building safety: remediation and funding - government response to the Select Committee reports. This explains the actions being taken by the Government in response to reports published by the Levelling Up, Housing and Communities Select Committee following its inquiries into cladding remediation, and building safety remediation and funding in England. 

On 5 April 2022 the Government published a Building Safety Levy Factsheet which details the actions the Government are taking to ensure building safety. This includes the introduction of a building safety levy. The levy will apply to developments within scope of the Gateway 2 regulatory process, with some exclusions.

This follows on from the Government Open Consultation on the Building Safety Levy in the summer of 2021. This consultation sought views on the design and calculation of the proposed Building Safety Levy, through which it is proposed developers would make a contribution to remedy historical building safety defects. Please note that the proposals relate to England only. With the assistance of AREF’s Residential Funds Working Group and Tax Committee, AREF submitted a response to the consultation. Within the response we referred to the Residential Property Development Tax (RPDT) consultation; more details about RPDT can be found here.  

Author

Jacqui Bungay

Jacqui Bungay

AREF Policy Secretariat , AREF

Jacqui is AREF’s Company Secretary and provides policy guidance and secretariat services to  AREF’s Board and Management Committee as well as the following sub-committees and working groups: Investor Committee, Public Policy Committee, Research and Information Committee, Retail Funds Committee, Residential Funds Working Group and Technology & Innovation Forum.

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration in the trustee and depositary sector.