For those catching up on the announcements last week around the Future Homes Standard and Future Buildings Standard ("FBS"), Turley have published a couple of helpful notes.
For investors in non-domestic property, the consultation on the FBS is worth a read. A reminder that building regulations are the underlying mechanism for driving "green" building performance, that MHCLG does not intend to hold back (a preferred 27% reduction in carbon emissions this year) and that anticipated costs vary considerably, depending on asset class. Plus with more emphasis on the importance of metering, perhaps a further step towards regulatory control based on actual performance, rather than the current static EPC approach?
Last week the Government published a consultation on the Future Buildings Standard (FBS). Similar to the Future Homes Standard (FHS) published in 2019, the FBS sets out a pathway for the delivery of highly efficient non-domestic buildings. Below is a summary of the key points of the consultation document
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