Housebuilder Taylor Wimpey has made a £30m provision in its accounts to pay for the replacement of cladding on buildings it has constructed in the past.
The company said it had reviewed its developments where it had used aluminium composite materials (ACM) cladding, following the Grenfell Tower disaster last year.
It said it had committed to replacing cladding on a “small number” of buildings following advice from owners, management companies and local fire and rescue services because it believed it was the “right thing to do” in the circumstances specific to those buildings.
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