Summer Statement July 2020

Summer Statement July 2020 image

What's in it for me? That is what's in it for the construction sector large and small. 

At Kind & Company, we believe we can aid our clients both existing and new, to achieve the Government's aspirations which are highlighted in the statement below: 

  1. By boosting the Short-Term Home Building Fund, an additional £450 million in development finance will be made available to smaller firms (SME's) that are unable to access private finance. 
     
  2. New legislation will be introduced in summer 2020 to make it easier to convert buildings for different uses, including housing, without the need for planning permission. In July 2020, the Government will launch a policy paper setting out its plan for comprehensive reforms of England's planning system. 
     
  3. A £2 billion Green Homes Grant will be introduced, providing at least £2 for every £1 up to £5,000 per household to homeowners and landlords who spend making their residential properties more energy efficient. For those on lowest incomes, the scheme will fully fund energy efficiency measures of up to £10,000 per household. 
     
  4. £5.6 billion of accelerated infrastructure investment, covering hopsitals, schools, courts, prisons, town centre improvements and local road maintenence. 
     
  5. A £1 billion investment over the next year in a Public Sector Decarbonisation Scheme that will offer grants to public sector bodies, including schools and hospitals, to fund both energy efficiency and low carbon heat upgrades. 
     
  6. £400 million will be allocated via the Brownfield Housing Fund to seven Mayoral Combined Authorities to bring forward land for development homes in England. 
     
  7. A new Social Housing Decarbonisation Fund will be established to help social landlords improve the least energy-efficient social rented homes. It will start in 2020/21 with a £50 million demonstrator project. 
     
  8. £40 million will be spent to improve the environmental sustainability of the courts and tribunals estate in England and Wales, investing in initiatives to reduce energy and water usage. 

As a company in our 75th year of operation, with extensive experience in public sector delivery, we strongly believe we can play an active part in the provision of the allocated funds to the construction sector. We will strive to implement this to ensure it is beneficial to all, as well as facilitating the environmental future of the construction industry. 

Kind & Company are ready to contribute towards delivering the Government's aspirations outlined in the Summer Statement. How can we help our new and exisiting clients? Let's talk...

Name

Email

Contact Number

Tony Battle

tony.battle@kind-build.com

07970270634

Gemma Gallagher

gemma.gallagher@kind-build.com

07813152059