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£100m funding boost for house builders

first_imgThe Government has pledged to match the £50 million promised by Lloyds Banking Group in October to help increase the supply of needed new homes across the country, the Housing Minister Brandon Lewis (left) announced this week.The Housing Growth Partnership will act as a dedicated initiative alongside small builders to invest in new developments, with the ultimate aim of increasing housing supply.The latest house building data reveal that housing starts are now at a seven-year high and climbing, while the volume of homes granted planning consent has reached 261,000 – the highest since 2007.But to help “maintain this momentum and keep the country building”, Lewis said that the Government recognised that greater investment in the sector is needed.He commented, “The 2008 economic crash devastated our army of small builders, with delivery falling from 44,000 homes to just 18,000 – seven years on, companies are getting back on their feet but we’re determined to give them all the help they need.”Lloyds Banking Group said that it welcomed the Government’s announcement of support for the housing growth partnership, which will double the capability to support SME house builders.Andrew Bester, Group Director and Chief Executive, commercial banking at Lloyds Banking Group, said, “The challenge of housing supply and affordability is one of the biggest issues facing Britain today.”“It [the funding] will provide SME house builders with much needed equity to support residential development projects, to stimulate growth in their businesses and facilitate access to conventional property development finance,” he added.The Federation of Master Builders (FMB) estimate that the SME house building sector could deliver an additional 20,000 homes per year if their access to finance was improved, putting a significant dent in the UK’s housing supply requirements.Ahead of this week’s Budget, the FMB has called on the Chancellor to improve access to finance for SME house builders, which have consistently cited this as their primary barrier to building more new homes.Estimates by FMB members suggest that, output from SME house builders would increase by as much as 100 per cent if the loan to project value ratios on offer were improved to 80 per cent from a standard 60 per cent. Based on recent housing statistics, this could equate to almost 20,000 new homes being built, making a significant impact on the supply side gap in the UK housing market.Brian Berry (left), Chief Executive of the Federation of Master Builders, said: “Conservative ministers have been incredibly successful in improving access to mortgage finance and reviving demand in the housing market, but access to finance for those in the business of supplying new homes has remained extremely difficult. There remains a reluctance by many banks to lend to SME house builders to help finance small housing developments.”He added, “Given how far behind demand we are, this issue is just one part of a much wider solution. However, 20,000 homes is a significant number. SMEs clearly have a big part to play in solving the housing crisis, but they need a financial environment which empowers them as it has done in the past. Given that our members identified access to finance as the primary barrier they face when trying to build more new homes, this measure could do wonders to help our industry.”house-builders housing development Housing Minister Brandon Lewis Brian Berry builders Federation of Master Builders funding July 8, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » £100m funding boost for house builders previous nextHousing Market£100m funding boost for house buildersSmall developers are set to benefit from greater financial support from the Government, Housing Minister Brandon Lewis has revealed.The Negotiator8th July 20150639 Viewslast_img read more

Bakers unveil new products for Veganuary 2021

first_imgSource: HiggidyThe firm said it has cracked the recipe for a vegan quiche with no cream, milk or eggs. Packed full of veg, the quiche come in two variants – sharing-sized Spinach & Roasted Tomato Vegan Quiche and the individual-sized Porcini Mushroom & Spinach Vegan Quiche.Higgidy is also adding Mini No-Pork Pies, made with vegetables and green lentils, to its line-up.The range will be available in Waitrose from 30 December, as well as Sainsbury’s and Boots early in 2021. Prices range from £2.50 to £4.25.“The expansion of our plant-based offering is a really exciting move for us and we see it becoming an increasingly important area within the Higgidy portfolio. Our ambition is to become the market leaders of vegan pastries,” said Higgidy co-founder Camilla Stephens. Source: GatoProtein ‘n’ Cream Cookies, GâtoPlant-based specialist Gâto is looking to tick all the boxes with its latest range. Called Protein ‘n’ Cream, the four-strong selection of sandwich cookies feature 10g of protein, as well as being vegan, gluten-free and containing 70% less carbs and sugar than other biscuits.The variants are: Chocolate Orange, Salted Caramel, Peanut Caramel and Vanilla Cream. They see flavoured vegan caramel or cream sandwiched between crisp cookies, with natural ingredients such as almond butter and cacao.Available in Boots stores nationwide, the protein cookies have an rsp of £2.19 per 50g pack. Mini Jam Doughnut, Birds BakeryBirds Bakery is increasing its range of vegan-friendly products in time for Veganuary with a raft of new offerings including mini jam doughnuts, gingerbread biscuits and sandwiches. Source: CooplandsVegan Devonshire Split, CooplandsCooplands has launched what it claims to be the first vegan-friendly cream cake on the UK high street. It’s Vegan Devonshire Split comprises a soft sweet bun filled with strawberry jam and a whipped cream alternative from the makers of Elmlea’s Plant Cream.It also has a new vegan savoury pastry range will include sausage rolls and steak bakes, plus a vegan pizza slice made with Violife’s Epic Mature Cheddar. There will also be a Cheeze & Pickle Sandwich made with the same vegan cheese as well as a Cheeze & Vegetable Bake, which it introduced earlier this year. All of these will be on sale at its 170 stores across Yorkshire, Lincolnshire, Nottingham and the north east from January.The Cooplands vegan range includes: Source: Coughlans BakeryThis Isn’t Bacon Turnover, Coughlans BakeryCoughlans Bakery has extended its vegan-friendly portfolio with a vegan bacon turnover.Called the This Isn’t Bacon Turnover, it features plant-based rashers from firm This Isn’t alongside vegan cheese and slow roasted tomatoes wrapped in puff pastry.The chain, with shops across south London and Surrey, has focused on plant-based NPD in recent years, with launches including a vegan sausage roll and a Vegan Bacon & Beef Wellington. Source: Coughlans BakeryBakers, retailers and manufacturers are gearing up for Veganuary 2021 with a host of new products.There’s sweet and savoury treats galore from protein cookies to pizza, ‘bacon’ turnovers and quiche.According to The Vegan Society, there are roughly 600,000 vegans in Britain, with 400,000 people worldwide signing up to take part in Veganuary last year. It added that it expects these numbers to swell for Veganuary 2021.Here’s some of the NPD hitting the shelves ahead of the occasion: Source: HiggidyVegan Quiche, HiggidySavoury pastry brand Higgidy has launched its first-ever vegan quiches as part of its expanded plant-based range. Source: CooplandsVegan Steak BakeVegan Sausage Roll – £1Vegan Steak Bake – £1.50Cheeze & Vegetable Bake – £1.50Vegan Pizza Slice – £1.55Cheeze & Pickle Sandwich – £1.65Vegan Devonshire Split – £1.15“We are committed to creating great food that everyone can enjoy whether they’re meat lovers, flexitarian, dairy-free or vegan. We’ve worked hard to create our vegan range that packs in all the flavour and that tastes so good, it would be hard to tell the difference or miss the meat,” said Cooplands CEO Belinda Youngs. Source: OggsOggs Bites, OggsOggs is entering the snack aisle with a two-strong range of grab-and-go sharing bags.They’re available as Brownie Bites, described as ‘fudgy and moist’, and Millionaire Bites with vegan chocolate and caramel on top of a biscuit base.The brownies have 58 calories per bite while the millionaire variant has 66 calories per bite. Both roll out in Sainsbury’s and WHSmith stores in January 2021 with an rsp of £2.25 per pack of nine.Instead of egg, Oggs uses aquafaba (chickpea water). It claims that by swapping out eggs, each bite generates five times less CO2 and a further eight times less by switching butter for a vegan option. Source: White RabbitThe Vegan Arrabbiata, White Rabbit PizzaPizza specialist White Rabbit is venturing out of the free from aisles and into the mainstream with its latest piece of NPD – The Vegan Arrabbiata.It marks the company’s first wheat base pizza as it ventures outside of its usual gluten-free remit. Still catering for the meat- and dairy-free audience, The Vegan Arrabbiata has a wood-fired base and is topped with spicy chicken-free strips, roasted onions, sundried tomatoes and creamy mozzarisella (a vegan mozzarella alternative).To distinguish its latest launch from the rest of its portfolio, White Rabbit has given it a ‘bold new pack design’. It hits shelves in Sainsbury’s on 2 January with an rsp of £4.50.Its free from range is also being extended with a plant-based Farmhouse Foccacine in Waitrose and a Garlicky variant launching in Sainsbury’s and Ocado. They’re priced at £3 for 2 x 135g packs. Source: Birds BakeryIt’s vegan-friendly line-up comprises:Beetroot, Lettuce & Tomato Sandwich – £2.95Houmous & Roasted Red Pepper Sandwich – £2.80Savoury Rolls with Cranberries, Sweetcorn and Mixed Peppers – £1.25Mozzarisella and Tomato Sandwich – £2.80Mini Jam Doughnuts – 50pVegan Gingerbread Biscuits – £1.25last_img read more

Badgers looking to regain winning ways against Huskies

first_imgAfter dropping a pair of close matches to No. 24 Washington and Portland University last weekend, the Wisconsin men’s soccer team (4-4-0) is looking to regain some confidence as it hosts Northern Illinois University (5-2-1) tonight at the McClimon Soccer Complex at 7 p.m.The Badgers enter tonight’s match following an exhaustive September schedule in which the team has journeyed to tournaments in Milwaukee, Albuquerque and Seattle over the past three weekends. Upon returning from the extensive traveling, head coach Jeff Rohrman is pleased to be back in Madison and playing at McClimon.”It’s been a grueling 10 days or so [of traveling],” Rohrman said. “You know, having gone to New Mexico and out to Seattle — it takes a toll. The travel and obviously the high level of competition we faced made things difficult, so it’s nice to be home here for a little bit of a stretch.”Although the Badgers were victorious the last time the Huskies visited Madison, Northern Illinois has won six of the last seven matches between the two teams, and is currently entertaining a two-game win streak after consecutive 1-0 victories over UW-Green Bay and Saint Louis University. Rohrman need only think back to last year’s match up with the Huskies to know what to expect out of this year’s squad. “Last year [Northern Illinois was] very good and they beat us down there,” Rohrman said. “They’re a much improved team, very talented, very athletic, and they’re a dangerous team that should not be taken lightly. They’ve got some kids that can really do some good things, and we’ll have to come out and play one of our better games to beat them.”Although Wisconsin posts an inferior record, the Badgers have faced a tougher schedule than the Huskies thus far in 2005, losing to such ranked opponents as No. 12 Fairleigh Dickinson, No. 3 New Mexico and No. 24 Washington.In response to last weekend’s losses, Rohrman hopes his team can play faster against the Huskies and employ more options in the attacking third.”I think we need to establish a little more rhythm in our attack,” Rohrman said. “We need to play a little bit quicker because there were times [last weekend] when our movement wasn’t so great and we just weren’t seeing things as quickly as we needed to. Our spacing also needs to be a little bit better against a team like Northern Illinois. We’ve addressed a few of those things and we’ve worked on them a little, so I’m hoping we can come out and get some things going in the attack.”A victory tonight for the Badgers would provide the team with a much-needed spark for the upcoming Big Ten season. And for the seasoned players, a win tonight would provide them with something more: payback.”We definitely need to come out with a good showing,” sophomore midfielder Dirk Pearson said. “I mean, we definitely need a win because it’s an important regional game and they’re a close rival. They also beat us last year, so we’re all looking to get some revenge.”last_img read more