The DCLG has released a statement and further information onthe new Home BuildingFund – which includes funding to support the custom and self build sector. The inclusion of self and custom build comes asa result of NaCSBA’s work to promote the sector to the government and the DCLG’s support for NaCSBA initiatives.
The news of the fund follows a meeting at Downing Street last week between Chancellor Philip Hammond and Communities Secretary Sajid Javid, and NaCSBA Chair Michael Holmes and MP Richard Bacon.
Mark Stevenson, NaCSBA’s Suppliers & Manufacturers Representative, said: “It is really pleasing to see NACSBAworking collaboratively with government to secure the support necessary to grow the custom and self build sectors. The availability of finance is a key driver of growth and the launch of the new and more flexible house-builders fund will not only provide much needed project finance but will also make it easier for members to access funds enabling more homes to be built.”
Let’s get Britain building
Philip Hammond and Sajid Javid have announced new measures to build more houses, more quickly, in the places people want to live.
As part of the governments action to tackle the housing deficit and ensure everyone has a secure place to live, the Communities Secretary and the Chancellor made it clear that they are determined to take action and get more homes built.
Measures see the launch of a massive 3 billion Home Building Fund. This will help to build more than 25,000 new homes this Parliament and up to 200,000 in the longer term. The fund will provide loans for small and medium enterprise builders, custom builders, offsite construction and essential infrastructure, creating thousands of new jobs in the process.
Sajid Javid said: “We want to ensure everyone has a safe and secure place to live and that means weve got to build more homes.It is only by building more houses that we will alleviate the financial burden on those who are struggling to manage.”
