Construction News

18/01/2016

RBS Pledge £1bn Towards Building New Homes

The Royal Bank of Scotland (RBS) has announced £1 billion of funding towards building new homes across the UK.

The investment into the purpose-built Private Rented Sector (PRS) is backed by the government as it aims to develop one million new homes by 2020.

RBS said it has seen an 'increased demand' from developers and operators looking to build and manage purpose-built rental schemes in the UK.

-- Advertisement --

Phil Hooper, RBS Head of Residential Development, said: "Building new homes, purpose built for rent, is an important step in increasing and diversifying the UK's housing supply. We are already providing financing support to a number of leading developers and look forward to working with other sponsors across the country.

"RBS is fully committed to supporting the UK's housing provision and the £1bn we are committing to PRS is in addition to the £2bn per annum we provide to support the development of homes for sale."

(LM/CD)

News Archive

Latest Construction News

22/04/2025

Kier Completes Crescent Redevelopment

Construction company Kier has completed the redevelopment of Crescent at Temple Quay in Bristol, delivering a modern, sustainability-focused workspace on behalf of investment and development firm CEG. The transformation includes a striking new two-storey façade, a rooftop extension, and three priva

22/04/2025

McPhillips To Deliver Hereford's New Transport Hub

McPhillips has been awarded a £10 million contract by Hereford Council to construct the city’s new Transport Hub. The project is part of a broader strategy to improve travel and connectivity across the city, encouraging a shift away from car dependency and supporting more sustainable transport opti

22/04/2025

Network Rail Completes Major Easter Engineering...

Network Rail has delivered a wide-ranging programme of engineering works across south London, Kent and Sussex over the Easter weekend, completing critical upgrades aimed at improving safety, reliability and long-term performance of the railway network. Despite the scale of the operation, more than

22/04/2025

Indurent Submits Plans for Final Phase Of Longb...

Indurent has submitted a planning application for the final phase of development at Indurent Park Longbridge West, marking a major milestone in the ongoing regeneration of one of Birmingham's most historically significant industrial sites. Located 12km south-west of Birmingham city centre, the site

22/04/2025

Notting Hill Genesis Agrees Sale Of Affordable ...

Notting Hill Genesis has agreed to sell 10,000 square feet of new high-quality workspace to long-term partner Bow Arts Trust in the heart of Hackney Wick. The space will deliver 38 affordable studio units, designed to support local creatives and small enterprises. Currently under construction and

22/04/2025

Kilsaran Instruct Wilsons Auctions To Host Majo...

Ireland's largest independent manufacturer of concrete products Kilsaran, have entrusted Wilsons Auctions to sell over 150 assets of quarry equipment and construction machinery this May. The upcoming auction is set to take place on Friday 16th May at Wilsons Auctions Dublin, with the first lot gett

22/04/2025

Caddick Construction To Deliver Chancerygate's ...

Developer Chancerygate has appointed Caddick Construction as the main contractor for its latest urban logistics development, T45, located just off the A63 in Leeds. The project is expected to complete in early 2026 and will deliver 23 state-of-the-art commercial units to support the growing needs

22/04/2025

Historic Roof Replacement Marks Milestone In Ca...

Construction firm G F Tomlinson has completed the complex and highly specialised task of removing and replacing the original roof of the Grade II Listed Central Building at the University of Nottingham\s Castle Meadow Campus. The project is part of a major refurbishment to safeguard and enhance the

22/04/2025

Viking Community Building Reopens After Major R...

Broadland District Councillor Caroline Karimi-Ghovanlou and Chairman of Sprowston Town Council Bill Couzens officially reopened the Viking Community Building, marking the beginning of a new era for the historic site. Originally built in 1956 as the Viking Pub, the building has undergone a major tra

22/04/2025

Wates Submits Plans For Farnham And Hilldene Re...

Wates has submitted a planning application for the redevelopment of Farnham and Hilldene. The scheme represents the third phase of the wider Harold Hill Town Centre regeneration and proposes the delivery of 481 new homes, alongside upgraded retail and community spaces. The plans support a broader a