Builders Finance Fund to bolster construction on over 12,000 new homes

£525m in funding have been made available to the construction industry by the UK Government via the Builders Finance Fund in a bid to help bolster the construction efforts around the country, a recent media report on the matter was able to reveal.

The cash would be used for building up to 12,000 new homes, accelerating construction on the first wave of sites with potential to support nearly 13,000 new jobs.

Chancellor George Osborne said: “I am pleased to see progress with the Builders Finance Fund which will help unlock thousands of stalled housing units by providing house builders with access to finance.

“The government’s long term economic plan is supporting businesses who are creating job opportunities, and in this case, building homes for hard working taxpayers up and down the country.”

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