Tory donor owned stake in refurb company accused of using cheap cladding on Grenfell Tower : Daily Mirror.

Coller Capital – founded by Tory donor Jeremy Coller – owned a fifth of Rydon Construction, via a partnership based offshore in Jersey.

Equity fund boss Jeremy Coller (Photo: Getty Images Europe)

A Tory donor’s private equity firm was a big investor in the construction company accused of saving £5,000 with cheaper, more flammable cladding at Grenfell Tower .

Mayfair-based Coller Capital owned a fifth of Rydon Construction, via a partnership based offshore in Jersey, when the work started on the £8.6 million refurbishment at the block in 2014.

Coller boss and founder Jeremy Coller donated £15,000 to the Tory party in July 2015.

Omnis, which supplied Reynobond panels for the project, confirmed it sold the version that cost £2 a square metre less than the more fire–resistant option.

It is just this type of choice that was covered by Part B of the review of fire regulations Theresa May’s chief of staff Gavin Barwell promised the Commons in October.

It covered external cladding and contained this requirement: “External walls of the building shall resist the spread of fire over the walls and from one building to another, having regard to height, use and position of the building.”

A salesman for US-based Reynobond said the more expensive FR version of its cladding was fire resistant, while the PE version, believed to have been fitted at Grenfell, was just plastic.

Read More : Daily Mirror.

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