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Housebuilders need to carry on, says business minister

Finance Lenders News:- Business minister, Nadhim Zahawi, has defended private sector enterprises, such as the building industry, still operating in the wake of the Covid-19 crisis. Mr Zahawi writes in The Telegraph that “we still need to build houses” and sectors such as the construction industry and online delivery retail outlets had been unfairly criticised. “We have seen some, intentionally or otherwise, wrongly interpreting the current rules, and unfairly criticising businesses that are implementing them correctly.” He described it as [...]

By |2021-11-13T09:25:12+00:00March 30, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Construction industry presses for clear message about building sites

Bridging Loans News:-Clarity over which construction sites should stay open and which must close is essential, the industry has urged. Construction Industry Council, CIC, chief executive, Graham Watts, said work to make good unsafe buildings or dangerous structures should continue. “In the absence of firm advice, some construction companies are taking matters into their own hands and closing for the foreseeable future or until there is more clarity. It is currently a matter of mess and muddle,” said Mr Watts. Taylor [...]

By |2021-11-13T09:25:18+00:00March 27, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Builders’ merchants open for business again

Bridging Loans News:- Builders merchants are re-opening their doors after the government told them to stay open to support the construction industry supply chain. Howdens, Huws Gray, Jewson, Ridgeons, Selco and Travis Perkins closed their branches yesterday, March 24, following the government’s advice on Monday that people should stay at home. However, the government told them via their trade association, the Builders Merchants Federation, BMF, to continue operating. BMF chief executive, John Newcomb, said during a construction leadership taskforce meeting [...]

By |2021-11-13T09:25:28+00:00March 25, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Building firms urged to keep cashflow alive

Construction Loans News:- Keep your supply chain up and running by paying suppliers and staff, urges construction trade body, Build UK. The organisation called on construction firms to act responsibly following the chancellor, Rishi Sunak’s announcement on Friday, March 20, of a raft of business support measures. “The aim is to keep cash flowing through the whole supply chain so that businesses of all sizes can survive the current crisis,” it said. Build UK wants firms to hang on to [...]

By |2021-11-13T09:25:34+00:00March 23, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Smaller developers press chancellor for tax break

Bridging Financing News:- Small and medium-sized building firms are calling for a three-month tax holiday on VAT, pay as you earn and construction industry scheme contributions to prevent wide-spread insolvencies. The Federation of Master Builders, FMB, has written to the chancellor, Rishi Sunak, and business secretary,Alok Sharma, asking for immediate support in the wake of the coronavirus. They say three-quarters of their 7,500members have reported delayed or cancelled projects and just under two-thirds have seen a fall in enquiries. Nearly [...]

By |2021-11-13T09:25:41+00:00March 20, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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