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SME builders keep headcounts low amid unpredictable economic conditions

Small building companies are halting staff increases despite increasing workloads as political uncertainty mounts, according to the Federation of Master Builders' latest trade survey. The trade body found small to medium-sized construction companies reporting a growing workforce has decreased from 19 per cent to 15 per cent for the third quarter of 2019. Nearly a quarter, 23 per cent, said they had cut back on staff compared with 21 per cent in the second quarter. https://www.youtube.com/watch?v=lYJjPXGYWvo&t=2s FMB chief executive, Brian [...]

By |2021-11-13T10:56:50+00:00October 30, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Hackitt enlisted to help establish new building safety regulator

Bridging Loans News:-Dame Judith Hackitt, who conducted the building regulations review post the Grenfell fire disaster, is to advise the government on establishing a new building safety regulator. Housing secretary, Robert Jenrick, said he was grateful Dame Judith, an engineer and former chair of the UK Health and Safety Executive, had agreed to take on the role. https://www.youtube.com/watch?v=Rw_dTlS7_Ug&t=2s "Her expertise will be essential to forming a strong regulator with teeth to ensure all residents are safe, and feel safe, in [...]

By |2021-11-13T10:56:55+00:00October 29, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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New towns set to make a comeback

Construction Finance News:-Councils are being invited to bid to build economically led new towns in their communities which would generate jobs and create new homes. Housing secretary, Robert Jenrick, has announced £10m to enable local authorities to come up with locally-led proposals to deliver new towns on the scale of Canary Wharf or Milton Keynes. https://www.youtube.com/watch?v=lYJjPXGYWvo "We want to drive economic growth outside London and the South East. Our new development corporations will empower local areas to come forward with [...]

By |2021-11-13T10:57:02+00:00October 28, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Homes England gives £38m to speed up building more than 2,000 homes

Bridging Loans News:- Six local authorities have won £38.2m worth of investment to accelerate the building of at least 2,072 new homes. The funding will be ploughed into infrastructure for 13 sites spread across England from Somerset to Cheshire. The councils who've gained funding are being encouraged to employ SME housebuilders and also developers who harness modern methods of construction. https://www.youtube.com/watch?v=lYJjPXGYWvo Homes England chief land and development officer, Stephen Kinsella, said: "This funding will enable local authorities to prepare their [...]

By |2021-11-13T10:57:14+00:00October 24, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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London’s green belt needs to be overhauled for the capital to hit new homes target

Bridging Finance News:- A strategic review of London's green belt is needed if the capital is to hit its target of building 66,000 new homes a year, argues the inspectorate report. The report claims that the capital's small sites development target, which was to have delivered 38 percent of London's new homes, is unrealistic. https://www.youtube.com/watch?v=vK9_6vD5tuA "The evidence simply does not justify the reliance placed by the Mayor on small sites to fill the gap. To accept the targets attributed to [...]

By |2021-11-13T10:57:22+00:00October 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Housing minister calls for a digital revolution for property development

Bridging Loans News:-New ways for councils to share data with developers to help them find brown field land suitable for building on, are being launched by the government. A national index of all brown field data, simplifying and improving the quality of the current brown field land registers, is to be introduced. https://www.youtube.com/watch?v=gZkYeRN7z9k Housing minister, Esther McVey, said: "The UK property sector is on the cusp of a digital revolution. It's time to harness new technology to unlock land and [...]

By |2021-11-13T10:57:28+00:00October 22, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Kent garden city set to offer a swathe of new homes

Commercial Loans News:- A garden city in the Thames Gateway area is a step closer to building 13,300 more new homes following the purchase of 310 acres of land. Ebbsfleet Development Corporation, EDC, announced it had bought the land from EIGP, a Landsec and Ebbsfleet Property LLP joint venture, and said this would unlock the site to deliver its full potential. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s There are currently more than 1,700 homes in Ebbsfleet Garden City with a further 13,300 planned of which [...]

By |2021-11-13T10:57:41+00:00October 17, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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UK House prices show annual rise for August

Commercial Loans News:- UK house prices showed a year-on-year increase of 1.3 per cent for August, according to the latest HM Land Registry figures. Wales recorded the largest annual house price rise of 4.5 per cent taking the average property value to £168,318. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s In England, the North East experienced the best annual increase of 3.3 per cent while London saw prices drop by 1.4 per cent, followed by the South East where prices fell by 0.6 per cent. Scotland experienced [...]

By |2021-11-13T10:57:47+00:00October 16, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Licensing would remove rogue builders and raise the safety bar, says FMB

Bridging Loans News:-A licensing system for all construction companies would strengthen the government's plans to improve new homes' safety, claims the Federation of Master Builders, FMB. The trade body's comments follow the government's announcement in the Queen's speech for a new building safety regulator. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s The legislation aims to prevent another Grenfell Tower tragedy with a change to the regulation of high-rise residential buildings. FMB chief executive, Brian Berry, said new laws forcing compliance with building safety standards was an [...]

By |2021-11-13T10:57:53+00:00October 15, 2019|Blog, Finance News, News, Planning News, Projects|0 Comments
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European workers in UK should be given right to remain, urge SMEs

The Federation of Small Businesses, FSB, is calling on clarity over the future status of European Union citizens currently working in the UK post-Brexit. It said one in five small employers rely on staff from the EU with many employees falling outside the traditional definition of 'highly skilled'. https://www.youtube.com/watch?v=vK9_6vD5tuA FSB chairman, Mike Cherry, said: "The government should be leaving EU citizens in no doubt about their right to remain after Brexit. Uncertainty has been rife in this area, with small [...]

By |2021-11-13T10:58:00+00:00October 14, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Loans of up to £20m for building schools for new housing schemes

Development Loan News:- Credit to enable developers to have schools completed as soon as major new housing developments are delivered was welcomed by builders. Education secretary, Gavin Williamson, announced today the government would offer loans of up to £20m for this to happen. He said this meant new school places would be financed upfront rather than builders waiting for the new homes to be sold before having the money to build. https://www.youtube.com/watch?v=KZ_ylUh-2Zc&t=3s The government wants to incentivise developers to build [...]

By |2021-11-13T10:53:20+00:00October 10, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Edinburgh bucks national trend with 3.4 per cent house price increase

House prices in Edinburgh showed a 3.4 percent year-on-year rise for the third quarter, July to September, according to the latest Knight Frank index. The estate agent said the figures were in contrast with those across the UK where average house prices have fallen by 1.7 percent. https://www.youtube.com/watch?v=gZkYeRN7z9k Although house price growth in Edinburgh was down from 10.5 percent annual growth at this point last year, said Knight Frank. Knight Frank associate, Oliver Knight, said: "Political rhetoric has ramped up [...]

By |2021-11-13T10:53:34+00:00October 8, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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