Posts tagged Get Britain Building
The “Jobs for Growth” programme, which was officially launched today, is now the UK’s biggest coalition of companies making the case for investment in the building of new homes to quickly stimulate growth and generate jobs.
The organisation is targeting specific areas in the UK construction sector, reaffirming that there are significant benefits for investing in housebuilding and infrastructure projects.
For example, every £1 spent in construction generates £2.84 in economic activity, whilst 92% of the investment is retained in the UK, supporting manufacturing and the skills which the country needs.
Jobs for Growth founder Mike Leonard said: “The UK needs jobs and growth, and building our way out of recession is now the only solution left to Government.
“After a golden summer of sporting achievement, we need to capture some of that Olympic spirit, positivity and determination and go for gold in Jobs and Growth.”
Mr Leonard said: “Over the coming months we will work closely with all our local and national politicians, banks and other decision influencers to build the case for Jobs and Growth.
“We have the demand, the will, the land, the materials and the skills to make this happen. With the same level of focus, commitment and pride demonstrated by our athletes this summer, the building industry can lead Britain out of recession.”
The Government’s fund is set to build around 16,000 new homes and provide financial support for housebuilders on stalled sites across the country, paving the way for employment opportunities in the trades.
The HCA has estimated that the shortlisted schemes could unlock the building of 7,000 homes and create thousands of new jobs in the building construction sector.
HCA chief executive Pat Ritchie said: “The Get Britain Building programme is offering housebuilders the financial support to get stalled developments back on track, and I’m pleased that more than 100 projects can move forward to the due diligence phase.
“We listened to feedback from the sector and reduced the minimum scheme size to 15, and I’m therefore especially pleased that 20 smaller projects have come forward and the majority of bids have come from SMEs.
“These projects must now prove that they can be delivered quickly, provide value for money for the taxpayer and fit with local priorities. As well as building much-needed new homes, the work will create or protect jobs, and boost local economies.”
Around £300 million of recoverable investment has been allocated to more than 130 projects through the first round of the scheme expected to be completed by December 2014. Round two of the scheme, which was announced last week, will continue until March 2015.
Housing developers facing financial difficulties will be able to bid for at least £100 million of investment to get work restarted on stalled sites under the Get Britain Building Programme, the Homes and Community Agency (HCA) has revealed.
Following the announcement by the HCA, housebuilders with as few as 15 houses, which have been suspended, will have the chance to put their bid forward until 25 July 2012.
Development is underway on sites in Ashford, Kent and Bath whilst funding has been allocated to 40 schemes set to deliver more than 3,200 new homes once contracts are agreed.
Chief Executive at the HCA Pat Ritchie said: “It has been a tremendous effort from the industry and the HCA to get this programme up and running, and with more than £110 million allocated I look forward to seeing these developments progressing to build much needed housing.
“We will continue to be thorough in our due diligence, and will only support those schemes backed by the community, which boost the local economy and provide a secure and value for money investment for the taxpayer.” – added Ms Ritchie.
Do you think the new funding as part of the Get Britain Building programme will help your business and boost construction activity in England? Share your thoughts by commenting here or raining your voice on our Facebook page.