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