Builders high­light lack of land

The Wokingham Paper - - BUSINESS -

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.”

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