Government ‘could provide interest-free funding’ to help firms at risk of going under due to cost of fixing buildings, says lawyer
Summary
A lawyer has suggested that government may need to offer interest-free funding to help firms facing financial pressure from building remediation costs. The comment reflects concern that some businesses could be at risk of failure while safety-related repair work is carried out.
Why it matters
Surveyors may encounter clients, landlords and developers affected by remediation funding constraints, which can delay works and complicate risk management. It also signals continued policy pressure around building safety and the financial viability of remediation programmes.
Key points
- Government support may be needed to protect firms during remediation work.
- The issue is linked to the high cost of fixing buildings.
- There is concern that some businesses could go under without assistance.
- The comment comes from a Fenwick Elliott partner.
Organisations:
Building Magazine, Fenwick Elliott
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