In an announcement set to shake up the housebuilding market, Prime Minister Theresa May says she will force councils to build hundreds of thousands of new homes a year in order to meet the Government target of building one million new homes by 2020.This could open up new development opportunities for SME contractors.
Part of the plan, launched in February, will open up the chance for development contracts to be won by smaller building firms, widening competition and reducing the big housebuilding firms’ dominance in this area.
“We welcome this announcement by the Government, which, if it becomes legislation, will mean that the smaller building contractor will be able to access a considerable number of new development opportunities,” said David Stapleton (pictured above), CEO and Founder of construction software service TenderSpace, which offers tradespeople the chance to grow, manage and protect their businesses.
The Prime Minister has controversially proposed to lift the traditional ban on building on green belt sites, once brownfield ones have been exhausted. She also plans to relax planning permission restrictions on extensions and new-builds, to end disruptive ‘landbanking’ practices and targets inner city sites for further development.
“Using technology to find and access these new development opportunities will be key for those smaller businesses looking to break the dominance of their larger competitors,” explained David. “This announcement is certainly excellent news for those contractors already subscribed with TenderSpace and using it to find new work.”
TenderSpace enables SMEs to find new work opportunities, check credit risks and manage projects.