Latest News

Employers must contribute to extended furlough scheme from August

27 May 2020

Chancellor Rishi Sunak has laid out how he expects to move businesses off the Coronavirus job Retention Scheme, meaning that some agencies must begin to start part-paying salaries for furloughed staff. Read More...

£1 billion building safety fund announced by the Government

27 May 2020

The fund is aimed at putting the safety of residents first to remove and replace unsafe non-ACM cladding systems in residential buildings over 18 metres and provide sprinkler systems in all new blocks of high-rise residential buildings over 11 metres. Read More...

Money Laundering registration now open for letting agencies

26 May 2020

Registration for UK letting agencies is now open with Her Majesty’s Revenue & Customs (HMRC) who are the supervisory body for the property sector. Read More...

Furlough Scheme must flex to support recovery

26 May 2020

NAEA Propertymark continues to talk to Government departments about the needs of the sector, the disparity between activities allowed in England, compared with Scotland, Wales, and Northern Ireland and the cautious progress of recovery and consumer confidence. Read More...

Housing Secretary greenlights £1 billion support for builders

Tuesday 11 February 2020

Millions of pounds in new loans will be paid out to support small and medium-sized firms, the Housing Secretary Rt Hon Robert Jenrick MP has confirmed in an announcement to Parliament.

The British Business Bank’s ENABLE Build Programme will shortly begin guaranteeing millions in new loans for local, independent construction businesses to deliver new homes.

Following the credit crunch in 2008 figures show that only 1,737 small to medium size builders operate in England, with more needed to help respond to the demand for new homes. The £1 billion guarantee scheme set-up by the government ensures enough credit is available to allow smaller housebuilders to enter the market. Small housebuilders often struggle to access affordable finance.

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Today I am giving the green light to a scheme that will help to fix this. Supporting £1 billion of new loans so that local builders can kickstart building, level up the country and turbocharge the housing sector.

- Robert Jenrick MP, Housing Secretary

 

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The ENABLE Build programme is a great example of using a cross-government approach to tackle an important, complex issue.

Working in partnership with the Ministry of Housing, Communities and Local Government, the Department for Business, Energy & Industrial Strategy and Homes England to address both access to finance and the UK housing shortage, the ENABLE Build programme will allow us to build on our ENABLE Guarantee’s success in supporting smaller housebuilders that have traditionally struggled to access the funding they need. 

- Reinald de Monchy, Managing Director, Guarantee and Wholesale, British Business Bank

 

Since the scheme opened for applications in May 2019, the government has received interest from specialist and mainstream lenders – including high street banks – which want to be involved in this innovative scheme to deliver homes.

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