The reason given for creating the fund is that replacement of the cladding does become a budget issue for local authorities and housing associations that could interfere with the usual and essential building maintenance.
The fund is available to cover all reasonable costs for replacing ACM cladding with fire resistant cladding. A total of 158 buildings have been identified to be in need of replacing ACM cladding with A1 or A2 fire resistant cladding.
HardiePanel is an alternative to ACM cladding as it/and carries the highest fire rating: A2, s1-d0. HariePanel is a non combustible large format cladding suited for installation on high rise buildings over 18 meters.