Building Safety Fund: Newham

(asked on 25th January 2024) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, if he will permit funds allocated by the Building Safety Fund in relation to the application for Drift Court in the London Borough of Newham, reference London_1595, to be allocated to an account of a new managing agent in the event of resignation by the Company Secretary at Gallions Approach Management Ltd.


Answered by
Lee Rowley Portrait
Lee Rowley
Minister of State (Minister for Housing)
This question was answered on 31st January 2024

If an Applicant changes managing agent, they will need to assure the department and its delivery partners that funds already paid are properly accounted for and (if applicable) transferred to the service charge account of the new managing agent. Subject to appropriate diligence checks, future payments can be made into the new managing agent’s account.

In the event of the resignation of the company secretary, Gallions Approach Management Ltd will remain the entity responsible for the project and the Building Safety Fund (BSF) application, and subject to the entity’s obligations under the Grant Funding Agreement and any other relevant contracts. There is no need to submit a new application to the BSF.

The department has entered into a Grant Funding Agreement with Gallions Approach Management Ltd. Their corporate governance is primarily a matter for the Applicant. The Applicant may wish to seek independent legal advice.

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