Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 24
24
Paragraph: 90
We welcome the intention to fund the regulator through a system of charging and cost...
Recommendation
We welcome the intention to fund the regulator through a system of charging and cost recovery, and we are satisfied that the Government and the HSE are working on the detail, but we agree they should publish that detail as soon as possible. We also welcome the Minister’s partial commitment to ringfenced funding for those functions of the regulator that cannot easily be financed by the market, although we would welcome a firmer commitment from the Government in that regard.
Paragraph Reference:
90
Government Response
Acknowledged
HM Government
Acknowledged
We welcome the Committee’s concerns about the practicalities of funding the Building Safety Regulator, and agree with the recommendation that the Government should publish further detail on the charging regime that the regulator will operate and the commitment to ringfenced central funding to cover the cost of functions for which cost recovery will not be possible. The Government has been considering the funding model for the Building Safety Regulator, and how best to ensure that it can deliver its functions effectively. The Government will publish further detail on the charging regime for the Regulator and the commitment to ringfenced central funding.