Homes England has created a “We Fund It, You Build It” programme. Its goal is to advertise the ‘Levelling Up and Home Building Fund’ amongst small and medium-sized housebuilders.
SME Construction Funded
Homes England believes that SME builders are the key to growing the housing sector. They align with the FMB campaign for SME building. Homes England wants to help SME housebuilders grow their business, build more properties, and diversify the housing stock in Britain, which is mainly influenced by larger players. When you need Builders Bristol, consider www.mogfordprescott.co.uk/builders-bristol
A measly 12% of all new homes are built by SMEs. This is a shocking decrease from 39% in the late 80s. The Home Building Fund is designed to help buck this trend, and provide homes that meet a growing demand.
What can it do for you?
Homes England administers this fund that can assist SME housebuilders to start their projects by offering loan amounts ranging between £250,000 up to £10,000,000.
This fund could provide a crucial cash injection to SMEs – The FMB’s House Builders’ Survey reveals that 42% are restricted by the lack of finance.. You Build It is a great campaign to make a larger number of SMEs able to access this funding.
The Levelling Up Fund was created to help businesses who are having difficulty obtaining financing via the traditional routes. The fund is useful for covering the rising cost of development of new homes intended for rental or sale. The loan can be used to finance:
- Housing projects led by the community
- Custom- and self-build plots
- Manufacturing off-site
