HBA: New Housing Secretary needs to value SMEs' contribution
National Federation of Builders
Following Sajid Javid’s appointment as home secretary, Theresa May has nominated James Brokenshire MP as the new secretary of state for housing, communities and local government.
The House Builders Association (HBA) – the house building division of the National Federation of Builders (NFB) – congratulates Mr Brokenshire on his appointment and looks forward to working with him to promote the importance of SME house builders.
Richard Beresford, chief executive of the NFB, said: “SMEs have a crucial role in building communities and place-making across all regions of the UK. SMEs have a unique understanding of their local communities and smaller development face less opposition.
“Carillion has, hopefully, taught us not to put too much faith in the market’s larger players delivering on public aspirations. A more diverse market that encourages SME participation is key to fixing the housing crisis.”
With the share of SME house builders witnessing an 80% decline over the last three decades, the number of home completions went down from 242,360 in 1988-89 to 178,450 in 2016-17.
