Chancellor puts housing at the heart of recovery plan

Industry coalition the Modern Masonry Alliance has welcomed Chancellor George Osborne’s Budget today which puts housebuilding at the heart of the recovery.
He acknowledged the important role smaller developers play in delivering housing with a new £500m fund to stimulate delivery of local projects.

The new Builders Finance Fund will provide loans to smaller housing developers and unlock an estimated 15,000 housing units stalled due to difficulty in accessing finance.

Mike Leonard, CEO of the Modern Masonry Alliance, said today’s announcements were an important boost to the housing industry.

He said that and after years of industry campaigning, the Chancellor had recognised the power of house building in driving recovery and creating jobs.

“Today the Get Britain Building campaign came of age.

“Five years ago 42 trade bodies called for Government to build our way out of recession.

“The coalition has backed our calls and today home building is at the heart of the recovery.”

Leonard added: “Today’s announcement detailing lower taxes for energy intensive manufacturers of building materials, an extension to Help to Buy until the end of the decade and funding help for small builders is good news.

“There is of course still much to do and we will continue to drive greater local builder participation, more social homes and a recovery in the home extension market.”

He said: “Our call to Get Britain Building has been heard, we must now build on this spreading the growth and jobs that will be created throughout the UK.

“We must at the same time ensure we create the long term certainty that we need to promote inward investment into our building materials manufacturing capacity.”

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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