SME Builders Get Starter Home Initiative Boost

 

Benfield ATT

SME Builders get Starter Home Initiative Boost

At last the Government is about to help SME house builders boost their output in its drive to address the new homes crisis. Fifteen members of the FMB have already signed up to take a share of the 100,000 new homes being eyed up by national volume builders (read full CIOB article)

Available only to first time buyers under 40, “Starter Homes” will get a 20% discount thanks to exemptions form the infrastructure levy, use of brownfield sites and §106 affordable housing contributions.

It is almost certain that Low Energy, Near Zero Carbon homes will also be promoted as a result of this initiative, with leading architects and planners forming a panel to ensure that design standards meet leading edge requirements.

The omission of any mention of exempting Starter Homes from the Zero Carbon Homes standard was seen as a victory by the UK Green Building Council. All new homes will have to be zero carbon from 2016.

 Energy Efficiency
Image Source: freeimageslive.com


Government’s recognition of the importance of boosting supply from smaller house builders is underlined by the extension of the Builders Finance Fund to smaller sites and setting a 10 unit threshold on affordable housing and tariff style planning obligations.


You can make direct input to the consultation on the initiative which will run for eight weeks.



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