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.