This equates to above six storeys in England. Jenrick noted that 95% of the buildings first identified with non-compliant ACM cladding have been revised, or are in the process of being worked on. In addition, the Housing Secretary outlined details of a long-term scheme for financial support on cladding remediation on buildings between four and six storeys. Within his speech, Jenrick said that he believes the added investment will lead to a reduction in insurance premiums, which have increased due to the assessment of risk on cladding and buildings that have been deemed unsafe. Jenrick outlined that developers will be tagged with a levy that will only apply when developers request permission to construct certain high-rise buildings.