A housing developer is to pay for Grenfell-style cladding to be replaced at Glasgow Harbour.

Residents feared facing a total bill of up to £10m - or £30,000 each - after it was revealed their buildings were covered with Aluminium Composite Material (ACM).

Similar cladding was used on the Grenfell tower block in London, where 71 people died following a huge blaze last June.

Tests began at Glasgow Harbour three months later and developer Taylor Wimpey has now told residents that it will pay for the ACM to be replaced.

In a letter to neighbours seen by STV News, the firm said: "We wish to inform you that the direct cost of the ACM cladding replacement works and all associated remedial or ancillary works will be funded by Taylor Wimpey."

The developer stressed that the material met technical and legal standards relevant when the buildings, in the west end of Glasgow, were designed in 2001.

It also insisted that Glasgow Harbour, which boasts more than 300 properties, remains safe to occupy.

The letter added: "Following the scoping survey we agree that the specific circumstances at Glasgow Harbour mean it needs to be replaced."

However, Taylor Wimpey added that "indirect costs" would have to be met by residents.

Since the discovery, fire wardens have been based at the development at a cost of £2000 per day, a bill also being picked up by the developer.

Rival firm Barratt said last month that it would fund a similar cladding replacement in Croydon.

A Taylor Wimpey spokeswoman said: "The residents and owners at the Glasgow Harbour development are our number one priority and we recognise that the current situation is a cause for concern for them.

"While the ACM cladding met the Technical Standards relevant at the time of the building warrant application, we agree that it needs to be replaced.

"The particular circumstances at Glasgow Harbour have resulted in a significant cause for concern for residents.

"The relevant building standards were updated after construction of this development commenced, and residents and owners are now facing a very significant and unexpected cost.

"As a result of these circumstances we have committed to funding the cost of replacing the ACM cladding."

She continued: "The recent scoping survey commissioned by Glasgow City Council, which Taylor Wimpey part-funded, has established that other elements of the external wall system may also need to be remediated or replaced as part of the ACM cladding replacement works to bring it into line with the current fire safety requirements of the Building Standards.

"As a responsible housebuilder Taylor Wimpey will also cover the cost of these works."

A Glasgow City Council spokesman said: "This has been an exceptionally complex matter which we know has caused considerable concern for owners and residents.

It is very welcome that Taylor Wimpey have agreed to fund this work.

"The council has worked to ensure that residents were able to stay in their properties and has brought partners together to find a solution.

"As Taylor Wimpey and the owners work together to agree a methodology and timescales to replace the cladding we will continue to work in partnership and give them all the support they need."