Housing Market: Small Businesses
(asked on 26th October 2022) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what plans they have to support more small and medium sized building firms to enter the housing market; and what form any such support will take.
Answered by
Baroness Scott of Bybrook
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
The Government is supporting SME housebuilders through the Levelling Up Home Building Fund. The Fund provides development finance to SMEs to build new homes. This includes loans to SMEs as well as funding partnerships with banks and other investors to leverage private capital and support more SMEs. The Fund will enable new SMEs to enter the market and grow their businesses, supporting SMEs who can struggle to access commercial lending.