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Sat November 16 2024

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Rydon banned from government housing scheme  

17 Dec 21 Rydon has been blocked from government's Help to Buy loan scheme because of its role in the lethal Grenfell Tower refurbishment.

With the official inquiry continuing, no legal action has yet started against parties that caused 72 people to die in the Grenfell Tower fire. But housing secretary Michael Gove has decide not to withhold penalties any longer.

Rydon Maintenance was the lead contractor of the 2017 Grenfell Tower refurbishment, which installed a cladding system that served to accelerate the fire to such deadly effect.

For this reason, Rydon Homes has now been blocked from the government鈥檚 Help to Buy scheme. It can鈥痭o longer access government support and cannot sell its properties to first time buyers with the offer of government-backed loans.鈥

Michael Gove said that this should be interpreted as a warning to the construction industry: he is going after those鈥痳esponsible for the building safety鈥痗risis鈥

There will be consequences for鈥痶hose who are responsible for the聽crisis and those who are failing to help fix it, he said.鈥

Gove said:鈥淚t is in the public interest to exclude Rydon Homes from the Help to Buy scheme with immediate effect given the extremely concerning evidence heard by the Grenfell Tower Inquiry about its sister company.鈥

鈥淭he鈥痙evelopment and construction鈥痠ndustry should be in no doubt: I will continue to go after those who put lives at risk,鈥痑re responsible for the building safety crisis and鈥痑re failing鈥痶o play their part鈥痠n鈥痜ixing鈥痠t. The Grenfell community and innocent leaseholders deserve better.鈥濃

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