21 Jan

Small property builders may be facing numerous barriers

Small property builders may be facing numerous barriers

A new report claims many smaller building firms could be being prevented from tackling the UK’s housing shortage.

Research from the Home Builders Federation (HBF) shows the number of small-to-medium building businesses has declined by 80 per cent.

In many cases, the HBF believes firms are frustrated by the increasing red tape they face as well as the lack of access to finance to help fund larger housing projects.

The federation is therefore calling on the government to do more to help ensure small companies can access tax incentives and take part in the popular Help to Build scheme.

"Whilst housing output has increased significantly in recent years, the vast majority of the increases have come from larger companies. The number of smaller builders has collapsed over recent decades with few new entrants to the market able to grow to any size," explained Stewart Baseley, HBF’s executive chairman.

He added: "If the government wants to see continued increases in supply it is imperative it enables SME builders to play their part. Removing the barriers for SME builders could result in tens of thousands of desperately needed additional homes being built and boost economies up and down the country."ADNFCR-1222-ID-801831175-ADNFCR

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