Commenting on the housing plans outlined in the Chancellor’s
Autumn Statement today Karl Hick, CEO of development and housebuilding group
Larkfleet, said:
“This all sounds like positive news which the housebuilding
industry should welcome. But it is very similar to announcements that have been
made in the past – worthy sentiments which have had little or no practical
effect.
“Unless the government finds ways to get the money to small and
medium sized housebuilders there will be no real impact on the delivery of new
homes.
“The rules and bureaucracy of previous schemes have proved
impossible for smaller firms to penetrate and they have simply not been able to
get the money they need to support development.
“The large builders, which can deal with the paperwork, do not
need access to government cash as they can borrow on very favourable commercial
terms.
“So, in summary, I think the announcements today could prove to be
a big waste of time for the industry. Smaller building firms will either
be chasing money that will never actually materialise or just getting on with
business as usual. Either way, they will continue delivering at more-or-less
the current level.”
Click here for further information