NFB and RIBA respond to Budget 2014

Following on from the Budget statement 2014 which took place yesterday, here is a summary of the responses from both RIBA and the National Federation of Builders.

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The National Federation of Builders (NFB) welcomed the chancellor’s continued recognition of construction and house building in the 2014 Budget statement. The £500 million Builders Finance Fund aimed at unblocking finance for small developers should help support existing government measures to boost small business finance such as the British Business Bank and help small builders to build.

The extension of Help to Buy, new measures to support self-build and the announcement that Ebbsfleet is set to be the first modern garden city are positive signs that government is supporting the construction industry and therefore the wider economy. However, the chancellor shied away from taking bolder steps to get Britain building such as including major housing projects under the Nationally Significant Infrastructure Projects (NSIPs) planning regime.

Continued positive economic growth, as highlighted in the OBR forecasts, should help unlock further private investment and ensure a sustainable recovery in the construction industry but further planning reform and measures to boost retrofit were missed opportunities. The NFB hopes that all political parties will recognise the value of construction to the economy as they prepare their 2015 manifestos as it is a sector that generates £2.84 for every £1 invested.

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The Next Generation Report – Homebuilders and their contribution to a sustainable future.

The Next Generation Report is an annual sustainability benchmark comprising the 25 biggest homebuilders across the UK.

The Next Generation Full Report

Download the full report here

 

Government, investors and the public alike benefit from the benchmark as is provides an improved understanding with regard to the sustainability of the homebuilders operations as well as the new homes they build.

The benchmark also performs as a forum to discuss challenges, share ideas, test concepts and gain insight from expert speakers.

The benchmark has been operated with the same criteria for the past three years, and examines more than 250 criteria with its triple bottom line approach to sustainability, the industry trends can therefore be analysed with confidence when reflecting back on 2013.

Approaching the “green ceiling”, 2013 has been the first year in which a company has scored over 90% in the benchmark.  Run by Jones Lang LaSalle and supported by the Homes and Communities Agency, the Next Generation Initiative has been scoring and monitoring house builders since 2006 with regard to the sustainability of the homes they build, their construction and policies.

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Industry Conference – Exploring the latest issues in the property development market, from finance to construction

The conference, billed as the first of its kind to bring together developers, lenders and representatives from the construction industry to explore the latest issues, legislation, products and funding availability.  Organised by BuildStore Financial Services, the self build, renovation and conversion mortgage specialists, the conference was held at the National Self Build & Renovation Centre in Swindon on May 29th.

The housing market is now a major priority for the Government and the publication of its Housing Strategy last year presents a unique opportunity for developers to take advantage of the release of public sector land, the push to bring empty properties into use, and the New Homes Bonus Scheme for councils.

The Government is keen to see regional developers play a bigger role in providing new homes, and with commercial lending making a strong comeback through BuildStore, there are real opportunities for developers to profit in the current market.

Build-Zone Director Simon Middleton gave this presentation on The Business of Property Development – The new Home Warranty


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Get Britain Building Programme receives enthusiastic feedback

The Homes and Communities Agency (HCA) has confirmed that they have received a very positive response to the Get Britain Building Programme with the programme becoming a central part in tackling the housing crisis.

Funding allocations under a special commissioning stage, running alongside the main bidding process, has also been announced.

A total of 170 expressions of interest submissions have been received under the main bidding process, many of these submissions contained bids for multiple schemes. The HCA will now asses these expressions of interest looking at factors such as; value for money, deliverability and fit with local priorities.

A shortlist of schemes should therefore be released by mid-March.

Furthermore, 18 sites will go forward to the next stage of the assessment process to unlock delivery on commissioned schemes, these are of a high importance to particular communities and can create ample local benefits. Up to £46m could be allocated to the 18 commissioned schemes to deliver 1,300 new homes including on public sector sites.

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List of Lenders – Banks & Building Societies

Build-Zone is widely accepted by banks and building societies in the UK and below is a list of the lenders that currently accept Build-Zone. We are continually updating lenders on the products we supply and the coverage provided. In addition, Build-Zone has been approved as a Designated Warranty Scheme provider for the purposes of the Warranty Link Rule by Communities and Local Government.

If you have a query about a lender that is not listed here contact us on 0845 230 9873 or email info@build-zone.com

Alliance & Leicester
Accord Mortgages
Barclays Bank PLC
Birmingham Midshires (HBOS Group)
Chelsea Building Society
Cheltenham & Gloucester
Cheshire Building Society
Co-Operative Bank
Coventry Building Society
Cumberland Building Society
Ecology Building Society
Halifax plc (HBOS Group)
Hanley Economic Building Society
HBOS Group
Holmesdale Building Society
Kent Reliance Building Society
Leeds Building Society
Lloyds TSB Mortgages
Mansfield Building Society
Marsden Building Society
Melton Mowbray Building Society
Nationwide Building Society
Natwest Mortgage Services
Northern Rock
Norwich & Peterborough Building Society
Royal Bank of Scotland
Santander UK PLC
Scottish Building Society
Scottish Widows Bank Plc
Skipton Building Society
Stroud & Swindon
TMB (HBOS Group) UCB Homeloans
Yorkshire Building Society

For more information about Structural Warranties, 10 Year Structural Warranties, contact the Build-Zone team on (0)845 230 9873 or email sales@build-zone.com

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