Work to breathe new life into a derelict industrial site close to the heart of Birmingham is being accelerated following a multi-million pound investment by the West Midlands Combined Authority (WMCA). More than £4m is being made available by the WMCA to clean up and unlock another three acres of brownfield land at Ickneild Port […]
A South West construction company is protecting its workforce as it begins to reopen some of its sites with the support of a multimillion pound Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank. Chippenham-headquartered Stonewood Builders took the decision to close all sites back in March, when social distancing measures were first introduced. […]
Up to 7,500 new homes across the West Midlands are to be built on former industrial land after Boris Johnson today announced an extra £84m to expand the region’s trailblazing brownfield regeneration programme. Unveiling a £5bn infrastructure investment package to help drive the UK’s post-Covid-19 recovery during a visit to Dudley, the prime minister revealed […]
A Worcestershire-based specialist steel fabrication business remains open with the support of Lloyds Bank and hopes to realise its expansion plans post-Covid-19. NHS supplier, All 4 One Engineering is continuing to process orders for the industrial roofing and cladding trades after working with the bank to secure a six-figure funding package via the government-backed Coronavirus […]
The total value of construction contract awards in May 2020 was £2.4bn based on a three-month rolling average. This is a decrease of 45.9% on April and is also 52.3% Lower than May 2019. Contract awards numbers in May decreased by 16.2% to 263, approximately 73.8% below the recent high point of 1,003 recorded for […]
Local unemployed people are learning the latest construction skills using virtual reality simulators, thanks to training funded by the West Midlands Combined Authority (WMCA). The WMCA has joined forces with Solihull College & University Centre, Birmingham-based RMF Construction Training Academy and education equipment provider Tenstar Simulation to install four simulators at the College in the […]
UTB has been approved for accreditation by the British Business Bank as a lender for the Government backed Coronavirus Business Interruption Loan Scheme (CBILS). UTB CBILS facilities are designed specifically to assist SME house builders, developers and investors whose businesses have been adversely impacted by the Coronavirus pandemic. The Bank will also begin offering CBILS […]
Specialist SME lender Paragon is working with excavator supplier Hitachi Construction Machinery (UK) Ltd (HCM UK) to provide support for UK businesses. The companies are working in conjunction to offer a low finance start-up scheme to assist SMEs with the purchase of Hitachi’s mini excavators. The scheme requires no payments for the first 90 days […]
Changes in the way that VAT is collected in the construction industry have been delayed again but should be welcomed say leading tax and advisory firm, Blick Rothenberg. Heather Powell, head of property & construction at the firm said: This great news despite the fact that the changes were announced over two years ago, and […]
A company vital in keeping the UK’s lights on has secured one of the earliest Coronavirus Large Business Interruption Loan Scheme (CLBILS) packages. CLBILS is one of the government measures introduced to support businesses impacted by the Covid-19 pandemic. Rainham Industrial Services, which specialises in the installation, maintenance and decommissioning of large industrial sites including […]
