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registered interest true more like this
date less than 2019-03-04more like thismore than 2019-03-04
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government remove filter
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Housing: Construction more like this
house id 1 more like this
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the adequacy of current lending conditions to (a) large, (b) medium, (c) small and (d) micro house builders in England. more like this
tabling member constituency Thirsk and Malton more like this
tabling member printed
Kevin Hollinrake remove filter
uin 228143 more like this
is ministerial correction false more like this
date of answer less than 2019-03-11more like thismore than 2019-03-11
answer text <p>The Government fully recognises the important role small and medium sized house builders (SME) play in delivering much needed housing in this country. We have already put in place a number of initiatives to help SME builders overcome barriers, specifically access to finance through the provision of the £4.5 billion Home Building Fund. £2.5 billion of which provides short term loans to SME housebuilders, custom builders and innovators. £110 million of that funding has been used to set up The Housing Growth Partnership. <br> <br>Launched in 2015, this is a £220 million partnership between Lloyds Bank and Homes England and is supporting the growth of SME house builders and expansion in the UK housing stock. It will deliver 3,400 homes. In addition, the Home Building Fund has also provided £125 million for the the Housing Delivery Fund launched by Barclays Bank and Homes England, in September 2018. The £1 billion development finance Fund will help build thousands of new homes across England. Of the £1 billion fund, Barclays is providing £875 million. <br> <br>A key priority of The Housing Delivery Fund is to support small and medium sized businesses to develop homes for rent or sale including social housing, retirement living and the private rented sector, whilst also supporting innovation in the model of delivery such as brownfield land and urban regeneration projects.</p><p>The Chancellor announced at Budget 2018 that the British Business Bank will deliver a new scheme providing guarantees to support up to £1 billion of lending to SME house builders. My Department and Homes England are currently working with the British Business Bank to implement this scheme.</p>
answering member constituency North West Hampshire more like this
answering member printed Kit Malthouse more like this
grouped question UIN
228146 more like this
228147 remove filter
question first answered
remove filter
answering member
label Biography information for Kit Malthouse more like this
tabling member
label Biography information for Kevin Hollinrake more like this