Image credits: © nopparat / Adobe Stock
The creation of a new National Housing Bank to provide finance to developers, of many sizes, to build homes is a welcome step, says the Federation of Master Builders (FMB)
Brian Berry, Chief Executive of the FMB said: “We know from our own data that a lack of finance is often cited as one of the top five issues holding back SME development, and that banks have historically been risk averse when it comes to lending to house builders. A new clear pathway like the National Housing Bank will give developers confidence to borrow. This is a bold change and sorely needed if the Government is to deliver its 1.5 million housing target. While details are still to be tied down it will be important that the new bank is able provide suitable finance options for smaller and micro house builders to help local economies thrive.”
For more information on the FMB visit: The Top Trade Body For Builders | FMB, Federation of Master Builders
Image credits: © nopparat / Adobe Stock
