{"id":47727,"date":"2018-10-04T11:03:36","date_gmt":"2018-10-04T10:03:36","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=47727"},"modified":"2018-10-04T11:03:36","modified_gmt":"2018-10-04T10:03:36","slug":"government-lift-council-borrowing-cap","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/government-lift-council-borrowing-cap\/47727\/","title":{"rendered":"FMB celebrate PM&#8217;s housing statement to lift council&#8217;s borrowing cap"},"content":{"rendered":"<h2>The Federation of Master Builders has said that the government&#8217;s decision to lift the borrowing cap for councils to allow them to build more homes is a &#8220;victory for bold thinking and common sense&#8221;<\/h2>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\"><a href=\"https:\/\/www.fmb.org.uk\/about-the-fmb\/who-s-who\/brian-berry-chief-executive\/\">Brian Berry, Chief Executive of the FMB<\/a>, said: \u201cThis is the most exciting, and potentially transformative, announcement on council housing for many years. It is something the house building sector and local authorities have been crying out for since the last economic downturn as a means by which to increase house building. <\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\">&#8220;Indeed, the only times the UK has built sufficient numbers of homes overall is when we\u2019ve had a thriving council house building programme. Local authorities have a strong interest in delivering new affordable homes and many would have the appetite to directly fund this, but have been frustrated from doing so by an artificial cap on their ability to borrow against their assets to build homes. <\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\">&#8220;In a victory for common sense, Mrs May has now signalled that the borrowing cap will be scrapped to allow councils to build many more new homes.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\">Berry continued: \u201cWe believe this could also have the added benefit of expanding the capacity of the private sector by providing more opportunities for SME builders. In this way, a stronger <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/top-construction-suppliers-revealed\/43696\/\">public sector<\/a> house building programme can complement and help support a stronger, more diverse private sector. <\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\">&#8220;The private sector will continue to take the lead in delivering new homes, and to ensure it can do so, we need to continue to lay the foundations for a diverse private sector in which new firms can more easily enter the market and small firms can more easily prosper and grow. However, in order to deliver the number of new homes the Government is targeting it is going to be necessary for the private and public sectors to both be firing on all cylinders. That\u2019s why this announcement is so welcome.\u201d<\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\">Berry concluded: \u201cHowever, as much as this is a bold and praiseworthy move by the Prime Minister, new homes of any sort will not get built if we as an industry don\u2019t have the people we need to build them. Recent announcements on post-Brexit immigration rules, if implemented as currently understood, will be a serious threat to our ability to deliver on the promise of this policy. <\/span><\/p>\n<p><span style=\"font-size: 11pt; font-family: verdana, geneva, sans-serif;\">&#8220;The failure of the Government so far to listen to the construction industry could unfortunately threaten the delivery of the Government\u2019s increasingly bold moves to solve the housing crisis.\u201d<\/span><\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Federation of Master Builders has said that the government&#8217;s decision to lift the borrowing cap for councils to allow them to build more homes is a &#8220;victory for bold thinking and common sense&#8221;.<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[666,676,276,572],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-47727","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-affordable-housing","8":"tag-construction","9":"tag-government","10":"tag-housebuilding"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FMB celebrate PM&#039;s housing statement to lift council&#039;s borrowing cap<\/title>\n<meta name=\"description\" content=\"The Federation of Master Builders has said that the government&#039;s decision to lift the borrowing cap for councils to allow them to build more homes is a &quot;victory for bold thinking and common sense&quot;.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/government-lift-council-borrowing-cap\/47727\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FMB celebrate PM&#039;s housing statement to lift council&#039;s borrowing cap\" \/>\n<meta property=\"og:description\" content=\"The Federation of Master Builders has said that the government&#039;s decision to lift the borrowing cap for councils to allow them to build more homes is a &quot;victory for bold thinking and common sense&quot;.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/government-lift-council-borrowing-cap\/47727\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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