The UK Government unveiled a new £3.5 billion fund in the House of Commons on Wednesday to help leaseholders strip potentially dangerous cladding from their buildings. The plans announced by Secretary of State for Housing, Robert Jenrick, will see a mixture of grants and loans issued to those affected in a bid to remove cladding from buildings around the UK that was identified as being a fire risk in the wake of the Grenfell Tower fire in 2017. The plans will see the government offer grants to leaseholders of buildings above 6 storeys or 18 meters in height. They will also offer low-cost loans to leaseholders and landlords of buildings between 4 and 6 storeys, as they have been identified as being at a significantly lower risk. Jenrick announced the new low-cost loans should cost leaseholders no more than “£50 per month.” Speaking in the Commons Jenrick stated that the …