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The Government has announced plans to
give small house builders a £100 million cash injection as it looks to
improve housing delivery in the country.
The Housing Growth Partnership will act as a dedicated initiative that will invest alongside smaller builders in new development. It will help provide money to support their businesses, helping get workers onto sites and increasing housing supply. A network of builders will also be established including experienced developers, who will act as mentors and advisers to those looking to expand and grow their businesses. In the last 25 years, the number of firms building between one and 100 units a year has fallen from over 12,000 to fewer than 3,000. The Housing Growth Partnership will support residential development projects with a gross development value of between £750,000 and £12 million and will offer investments in the range of £500,000 to £5 million for each project. |
Wednesday, 15 July 2015
Small House Builders To Receive £100m Boost
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House Contractors in the Philippines hopes to receive the same support from the government (if there could be any), but it can stand on its own because it has a good reputation and large projects are swarming.
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