Secretary of State for Levelling Up, Housing and Communities, Michael Gove, said:
"Today marks another significant step towards righting the wrongs of the past and protecting innocent leaseholders who are trapped in their homes and facing unfair and crippling costs.
Too many developers, along with product manufacturers and freeholders, have profited from these unsafe buildings and have a moral duty to do the right thing and pay for their repair.
In signing this contract, developers will be taking a big step towards restoring confidence in the sector and providing much needed certainty to all concerned.
There will be nowhere to hide for those who fail to step up to their responsibilities - I will not hesitate to act and they will face significant consequences."