Housing: Construction
(asked on 29th January 2024) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what assessment they have made of the report of the Home Builders Federation State of Play: Challenges and opportunities facing SME home builders, published on 22 January, regarding the number of small and medium-sized enterprise builders going out of business; what assessment they have made of the impact of this on the supply of new homes; and whether they have plans to support this subsector.
Answered by
Baroness Scott of Bybrook
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government wants to see a diverse and competitive housebuilding sector. We are aware of the challenges that small and medium sized (SME) housebuilders are facing, which is why we are supporting them through the £1.5 billion Levelling Up Home Building Fund (LUHBF) and the £1 billion ENABLE Build guarantee programme. LUHBF provides loans to SMEs to help build around 42,000 homes across the country. The Levelling Up and Regeneration Act will also help SMEs by making the planning process easier to navigate, faster and more predictable.