Housing secretary Michael Gove publicly named the housebuilding firms that have failed to commit to retrofitting buildings to prevent fires following the 2017 Grenfell disaster.
Companies will be blocked from existing and future developments, Gove said to MPs on Tuesday, having missed the initial deadline to sign the remediation contract on Monday.
Gove added companies now had a week to sign or would face a de facto ban in England.
Firms which haven’t signed are:
- Abbey Plc (AIM:ABBY)
- Avant
- Ballymore
- Dandara
- Emerson Group - Jones Homes
- Galliard Homes
- Inland Homes PLC (AIM:INL)
- Lendlease
- London Square
- Rydon Homes
- Telford Homes
Under the contract, firms will be required to replace unsafe cladding after it was found to play a key part in the 2017 Grenfell fire, which took the lives of 72 people.
The government banned the use of polyethene-filled aluminium panels on buildings in December last year, with the remediation contract aimed at prompting housebuilders to improve fire safety standards on existing buildings once and for all.
Gove told housebuilders to sign the contract in January, warning of the consequences if they didn’t, though 11 “regrettably have not,” he said, though some are reportedly close.
"Those companies will be out of the housebuilding business in England entirely unless and until they change their course."
Larger housebuilders were among 39 to sign the contract by Monday though, committing around £2bn to remove the dangerous cladding from existing buildings, including the likes of Redrow PLC (LSE:RDW), Persimmon PLC (LSE:PSN) and Bellway PLC (LSE:BWY).
Gove added the government would be laying out its ‘responsible actors scheme’ next week, ensuring “only those committed to building safety will be allowed to build in the future”.