Housing: Construction

Ministry of Housing, Communities and Local Government written question – answered on 7th September 2020.

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Photo of John Hayes John Hayes Conservative, South Holland and The Deepings

To ask the Secretary of State for Housing, Communities and Local Government, what support he is providing to small firms of house builders.

Photo of Christopher Pincher Christopher Pincher Minister of State (Housing, Communities and Local Government)

The Government recognises the important role that small and medium enterprises (SMEs) play in delivering new housing across this country. We are committed to supporting SMEs and enabling them to play a crucial role in increasing housing supply and diversifying the market.

We have provided financial assistance to SMEs via the Home Building Fund and an SME-focused guarantee scheme (the £1 billion ENABLE Build scheme). On 30 June we announced an additional £450 million, increasing the Home Building Fund total to £5 billion. £3 billion of this funding will be targeted as short-term development loans to SMEs, custom builders and innovators, delivering at least 60,000 homes by 2022/23. The ENABLE Build scheme will further support firms in accessing finance to progress new developments.

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