Bulletin

Small housebuilders struggle to fill supply gap

Builders for Small and Medium-Sized Construction Company Struggle with Supply Gap.

The number of small and medium-sized construction companies has dwindled in recent years, as the economic downturn caused hundreds to go bust but the number scarcely recovered as the economy has brightened. There was a net increase of 30 new companies between 2013 and 2014, but analysts do not expect this to accelerate under certain condition. The immediate issue is finance, as banks are unwilling to lend to what are seen as riskier groups, especially for speculative construction or where sites do not yet have planning permission. Ministers recognise the problem, and in July the Homes and Communities Agency launched a £100m fund to back small housing developers by taking equity stakes in projects. That followed the launch of a £100m fund by Santander.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

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