Builders highlight lack of land
A lack of available small sites and a lack of finance top the list of barriers to SME house builders increasing their delivery of new homes, according to new research by the Federation of Master Builders’ (FMB).
Brian Berry, Chief Executive of the FMB, said: “Almost a decade after the financial crisis, access to finance for small house builders is getting worse instead of better.
“The results of the FMB House Builders’ Survey suggest a slight worsening in the problems these firms face in accessing the finance they need to build. Assessments of lending conditions to SME developers were down slightly from 2016, the first fall in this measure since 2013.
“Small house builders express generally positive views of some recent Government initiatives in this area, such as the Home Building Fund, but we clearly need to double down on these efforts to make sure that SMEs have access to the finance they need to build Britain out of its housing crisis.”