Construction News
02/12/2013
Call For Govt To Find New Ways To Incentivise House Building - FMB
Adjusting the Funding for Lending scheme to better support small businesses is welcome, says the Federation of Master Builders (FMB), but the Government must also stand behind Help to Buy and find new ways to incentivise more house building.
Brian Berry, Chief Executive of the FMB, said: "Our members have been telling us for some time that the Funding for Lending programme has serious flaws, and that the banks remain reluctant to lend to them.
"In fact small construction firms report that access to finance is the single greatest barrier they face when attempting to grow their business. Construction companies need to able to secure financing to respond to increasing demand, which is beginning to improve thanks to enhanced consumer confidence and the Help to Buy scheme bringing vitality back into the housing market.
"By rolling back the portion of guarantees aimed at shoring up individual mortgage lending and concentrating instead on backing loans to small businesses, we hope our members will now see strides forward on the part of lenders when it comes to financing the resurgent construction sector."
(CD/JP)
Brian Berry, Chief Executive of the FMB, said: "Our members have been telling us for some time that the Funding for Lending programme has serious flaws, and that the banks remain reluctant to lend to them.
"In fact small construction firms report that access to finance is the single greatest barrier they face when attempting to grow their business. Construction companies need to able to secure financing to respond to increasing demand, which is beginning to improve thanks to enhanced consumer confidence and the Help to Buy scheme bringing vitality back into the housing market.
"By rolling back the portion of guarantees aimed at shoring up individual mortgage lending and concentrating instead on backing loans to small businesses, we hope our members will now see strides forward on the part of lenders when it comes to financing the resurgent construction sector."
(CD/JP)
29/01/2025
Caddick Construction has been awarded a £43 million contract to deliver the first phase of Cole Waterhouse's flagship regeneration scheme in Digbeth, Birmingham.
The project, known as Upper Trinity Street, marks a significant step in the area’s transformation.
Spanning 182,986 square feet, the re
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McLaren Construction has been appointed by O&H Properties to deliver the first phase of a £60 million Foster & Partners-designed development at the corner of New Bond Street and Grafton Street in London’s West End.
The seven-storey, 5,400 square metre prime retail and office scheme will feature ret
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GMI Construction Group has been awarded a contract to develop three high-specification warehouse units totalling over 175,000 square feet at Precedent Drive, Milton Keynes.
The £20 million project, commissioned by DV5 Last Mile Developments (UK) Ltd, a joint venture between Coltham and Delancey Re
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Plans for 106 sustainable new homes in Southville, a neighbourhood in South Bristol, have been approved as the city seeks to increase housing delivery to address growing demand.
Top 10 award-winning housebuilder The Hill Group will create a £60 million development on Raleigh Road, on land that was
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Bouygues UK has reached a major milestone in the fourth phase of the Hallsville Quarter regeneration project in Canning Town, London.
The project, part of the £3.7 billion Canning Town and Custom House Regeneration Programme, recently held a topping out ceremony, marking the completion of the 11-s
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Willmott Dixon Interiors is carrying out a significant upgrade to the roof of the National Maritime Museum in Greenwich, one of London's most iconic cultural landmarks.
As part of the £12 million project, the company is installing over 23,000 square feet of sun-protected glazing above the museum’s
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Equans has been appointed by Babergh and Mid Suffolk District Councils to carry out crucial decarbonisation work across the councils' housing stock, using funding secured through the Social Housing Decarbonisation Fund (SHDF).
The councils used the South East Consortium's Zero Carbon Framework to s
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BCP Council has completed significant coastal protection works at Hamworthy Park, ensuring its resilience against erosion for the next 20 years.
A 200-metre stretch of sea wall along the eastern promenade has been reinforced using low-carbon concrete, while new steps have been constructed to improv
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Geo-environmental consultancy and remediation contractor, The LK Group, has strengthened its team with a trio of recruits.
The multidisciplinary company's latest raft of hires comprises a new director, associate director and remediation manager.
The geo-environmental specialist, headquartered i