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31 October 2017

New guarantee to strengthen finance foundations for smaller home builders

Responding to the British Business Bank’s ENABLE Guarantee with United Trust Bank, Federation of Small Businesses (FSB) National Chairman, Mike Cherry, said: “We welcome the extension of the ENABLE Guarantee Scheme to include SME house builders as an important step to help deliver the homes that this country so desperately needs.

“Small and local builders are being locked out of the housing market, with the inability to access finance being a key reason. Small builders, however, are the best avenue to turbo charge immediate action to solving the housing crisis in the UK.

“Government can build on this positive announcement by committing to extending the home building fund announced in last year’s budget. This will create jobs, boost housing supply and stimulate growth.”