Builders wel­come fund­ing changes

Yorkshire Post - Property - - PROPERTY -

AD­JUST­ING the Fund­ing for Lend­ing scheme to bet­ter sup­port small busi­nesses has been wel­comed by the Fed­er­a­tion of Mas­ter Builders.

FMB chief ex­ec­u­tive Brian Berry says: “Our mem­bers have been telling us for some time that the Fund­ing for Lend­ing pro­gramme has se­ri­ous flaws, and that the banks re­main re­luc­tant to lend to them.

“In fact, small con­struc­tion firms re­port that ac­cess to fi­nance is the sin­gle great­est bar­rier they face when at­tempt­ing to grow their busi­ness. Con­struc­tion com­pa­nies need to able to se­cure fi­nanc­ing to re­spond to in­creas­ing de­mand, which is be­gin­ning to im­prove thanks to en­hanced con­sumer con­fi­dence.”

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