The UK government has introduced a comprehensive package of housebuilding reforms aimed at revitalizing small-scale housing development, particularly through SME housebuilders. Central to these reforms is a £100 million loan fund for SMEs, alongside modifications to planning rules and land access to streamline the construction process. The government seeks to combat the housing shortage by enabling the creation of 1.5 million new homes and encouraging regional economic growth. Experts suggest significant potential benefits for local economies and small businesses across various sectors from these initiatives.
The government's new reforms aim to reverse the decades-long decline in SME housebuilding. But their impact could be even broader - helping to revive local economies.
Smaller developments will now benefit from simplified planning processes and lighter biodiversity requirements, making it easier for SMEs to succeed.
Homes England will release more land specifically for SME developers, and new finance options will improve access to funding through partnerships with lenders.
The reforms are part of a €700 million expansion of the Home Building Fund and aim to deliver 1.5 million new homes while stimulating growth.
Collection
[
|
...
]