LABOUR'S commitment to a house building renaissance is essential to tackle the country's housing crisis.
The government’s ‘Help to Buy’ scheme and its 'Builders Finance Fund' do not go far enough, and Help to Buy could actually make matters worse.
Although the Builders Finance Fund is supposed improve access to finance for small house builders, the minimum threshold of 15 units will exclude many small and micro-house builders.
The Federation of Master Builders (FMB) has pointed out that most of its members build schemes of fewer than 15 new homes. The FMB’s chief executive says it is “disappointing” that this fund will not be open to micro-house builders.
He said: “If Ministers want to see a meaningful spike in SME house building, the 15 to 250 unit is wrong.
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