Paragon Bank has provided asset finance funding to specialist construction company Recycled Roadways Ltd to fund plant equipment to support the business’ growth following the Covid-19 pandemic. Recycled Roadways Ltd provides specialist aggregate and asphalt crushing, screening and recycling services to blue chip companies nationwide. The company is part of KKB Group, which is a […]
Construction output is forecast to rise by 14% in 2021 and 6.3% next year, according to the Construction Products Association, CPA, summer forecast published this week. Private housebuilding and infrastructure are expected to be key drivers of construction growth in this year and next, although the outlook for the commercial sector remains subdued. CPA economics […]
Up to 46,000 new homes in the capital could be delivered by Transport for London’s new property development company over the next 25 years. The proposals for Transport Trading Limited Properties, TTLP, were outlined at TfL’s finance committee meeting last month and form part of its bailout settlement with the government. TfL director of commercial […]
A rallying call has come from the West Midlands Combined Authority (WMCA) and the industry for construction employers to increase the number of female apprentices in their business. With women making up only one in ten of the total construction workforce and one in 100 frontline workers, the WMCA is working with the Cross-industry Construction […]
North East-based construction company, Tolent, has secured a £12m asset based lending (ABL) facility from Independent Growth Finance (IGF) to help strengthen its position after a challenging year. The asset-based funding was delivered at pace by IGF to provide the working capital and the flexibility needed to support the business as it overcomes the commercial challenges it faced due to the effects of the pandemic and the closure of its southern business in the same period. Securing a healthy future The business, which is expecting […]
A new inquiry studying housing demand will include looking at the part smaller builders can play in innovation and developing difficult sites. The house of lords’ built environment committee will see how smaller builders can be encouraged back to the supply point. Cross-party committee chair Baroness Neville-Rolfe told Housing Today: “You get some innovation and […]
Research by the new-build snagging and defect management experts, HouseScan, shows that the Scottish new-build market has enjoyed steady and reliable price growth throughout the past pandemic year, with South Ayrshire and nearby Glasgow leading the way. Since the start of 2020, the Scottish new-build market has put in an impressive performance, with new-build house […]
Brickflow, the UK’s first search engine for development finance, has partnered with site feasibility specialists, MASS Reports, to give property developers seamless and fast access to planning reports and funding. Both digital platforms have the same objectives: Brickflow to connect borrowers and lenders in seconds, addressing widely-reported funding access issues; MASS Reports to ensure developers […]
Housebuilders will have to offer effective aftercare service on new homes to iron out snagging problems in a new draft code on quality out for consultation this month. The code requires builders to offer greater consumer protection to new home buyers from when they walk into a sales office through to two years after occupation. […]
Average earnings on London building sites showed a 4.5% month-on-month increase in May to £885 a week, according to construction payroll data from Hudson Contract. The firm is the UK’s largest payer of freelance site workers with more than 2,500 companies across England and Wales on its books. Managing director Ian Anfield attributed wage inflation […]
