Family-run construction firms doomed due to tighter inheritance relief cap

The construction industry is calling on the Government to rethink its £1m inheritance relief tax cap if it wants to avoid seeing thousands of family-run businesses close. Private assets above £1m will be taxed at 20 per cent Thousands of family-run businesses will close 1.5m new homes target is at risk without the SME builder Family-run construction firms doomed due to tighter inheritance relief cap Smaller family-owned housebuilders will close putting the government’s target of building 1.5m new homes in [...]

By |2024-12-04T12:21:38+00:00November 22, 2024|Blog, Development Finance Lenders|0 Comments

Councils gain power to force landlords to lease empty high street premises

Councils’ new powersto force short-term leaseauctions of empty high street properties could boost local builders’ business, claim finance lenders. One in seven high street shops are vacant Properties empty for more than a year to go under the hammer Short-term leases of one to five years on offer Councils gain power to force landlords to lease empty high street premises Landlords sitting on empty properties for more than a year will be forced to rent them out on short leases [...]

By |2024-12-04T12:21:45+00:00November 22, 2024|Blog, Development Finance Lenders|0 Comments

Random embargos on crane transport set to end

The construction industry has high hopes the deputy prime minister Angela Rayner will help them make it easier to get essential equipment such as cranes to building sites. The optimism follows a meeting between Ms Rayner and the managing director of a crane company based in her constituency. Police forces vary in how they apply the rules ‘Adverse weather’ conditions need to be defined Notification of travel periods too long Random embargos on crane transport set to end The deputy [...]

By |2024-12-04T12:21:51+00:00November 22, 2024|Blog, Development Finance Lenders, Uncategorized|0 Comments

Lack of materials could inhibit housebuilders’ next year

Housebuilders will need to plan over predicted increased demand for materials and talk to suppliers now to avoid pinch points next year, the Construction Leadership Council has warned. Manufacturers have reduced capacity over the last 18 months Skilled workforcedecline and closure of old facilities pose a threat Demand expected to surge in the second half of 2025 Lack of materials could inhibit housebuilders’ next year A shortage of materials could be the biggest hurdle for housebuilders stepping up their activity [...]

By |2024-12-04T12:22:00+00:00October 30, 2024|Blog, Development Finance Lenders|0 Comments

Derelict former gas site gets £29m to pave the way for 1,600 new homes

A proposed urban garden village of 1,600 low carbon homes on the site of former gas works in Birkenhead has received a major boost of £29m from Homes England. £51m pledged for site remediation Former railway to be turned into a linear park 1,600 low carbon homes set to be built Derelict former gas site gets £29m to pave the way for 1,600 new homes Birkenhead’s former gasworks havemoved closer to being transformed into an urban garden village with the [...]

By |2024-12-04T12:22:07+00:00October 9, 2024|Blog, Development Finance Lenders|0 Comments

Rising housebuilding costs in Scotland leave too many out in the cold

Housebuilders have urged the Scottish government to speed up planning and simplify regulation if they want to see 110,000 affordable homes built by 2032. 62 weeks for major house planning applications New build starts decreased by 18 per cent over the last nine months 110,000 new affordable homes target by 2032 unlikely Rising housebuilding costs in Scotland leave too many out in the cold Housebuilders north of the border are calling on the Scottish government to cut red tape and [...]

By |2024-11-28T04:37:59+00:00October 2, 2024|Development Finance Lenders|0 Comments

Promise to make rented homes warmer lights up SME builders’ future

Energy and net zero secretary Ed Millibandhas pledged that rented homes should be warmer and free from mould by 2030. The announcement is likely to be a significant boost for SME builders. Estimated 5.7m rented homes need to be upgraded 71 per cent of homes built before 1950 are D grade or lower All rented homes should have a C grade or higher by 2030 Promise to make rented homes warmer lights up SME builders’ future Smaller builders’ pipeline of [...]

By |2024-12-04T12:22:18+00:00September 25, 2024|Blog, Development Finance Lenders|0 Comments