Latest News

Northern Ireland house prices end the decade showing continuous growth

19 February 2020

The Northern Ireland Statistics and Research Agency have released their findings for the Northern Ireland House Price Index for the period between October and December 2019 and show the positive figures from previous quarters have continued throughout the year. Read More...

Scotland house prices end the year over 2 per cent higher

19 February 2020

The most recent report from the Registers of Scotland has revealed the average house price for a property in Scotland during December 2019 was £151,603, an annual price increase of 2.2 per cent. Read More...

£16 million to go to survivors of domestic violence

17 February 2020

Housing Secretary Robert Jenrick confirmed that 75 councils across England will benefit from funding to help boost their domestic abuse refuge services. Read More...

Christopher Pincher is tenth Housing Minister in a decade

14 February 2020

Christopher Pincher MP has been appointed Housing Minister in the cabinet reshuffle replacing Esther McVey. Mr Pincher is the MP for Tamworth and was previously the Minister of State for Europe and the Americas. 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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