HOMES ENGLAND NEW-HOME STARTS ON SITE CLIMB TO 16,955
Housing starts on site have climbed to 16,955 this year, while completions dropped back, Homes England has revealed.
The figures for government house building in England, excluding London, showed starts on site growing seven per cent in the six months to 31 September 2019 compared to the same period last year.
Meanwhile, housing completions fell by seven per cent to 14,792 for the same months.
The Homes England figures reflected activity in schemes such as the Shared Ownership and Affordable Homes Programme, Build to Rent and the Affordable Homes Programme.
Of the starts on site, 12,310, or 73 per cent, were affordable homes, a rise of 24 per cent on the previous year.
However, affordable home completions dropped seven per cent to 10,295.
The drop resulted from “delivery, at certain points of a programme cycle, of different and overlapping funding streams,” Homes England said.
By region, the largest proportion of affordable starts on site was in the South East, at 35 per cent, followed by the North East, Yorkshire and The Humber at 18 per cent, then both at 16 per cent, the Midlands and the North West, and with 15 per cent, the South West.
The South East was also highest for affordable completions, at 26 per cent, followed by the South West, at 24 per cent, the Midlands, with 20 per cent, North East, Yorkshire and the Humber 17 per cent and the North West, 13 per cent.
THE GOVERNMENT LAUNCHES £2 BILLION FUND CALLED KICKSTART SCHEME
The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds. The government has introduced a new Kickstart Scheme in Great Britain, a £2 billion fun ...
ROCKY ROAD AHEAD FOR VANS REDEFINED AS CARS
If modified crew-cab vehicles should now be treated as cars for benefit in kind purposes, what does this mean for input VAT and capital allowances? Helen Thornley investigates the wider tax implicatio ...
CLOCK IS TICKING TO REPAY CORONAVIRUS GRANTS
Self-employed individuals, and employers, have 90 days to inform HMRC that they have over-claimed the SEISS or CJRS grants and repay any excess before penalties apply. Any incorrect CJRS gr ...
TAX CREDITS DEADLINE: CUSTOMERS AT RISK OF LOSING OUT
Customers whose circumstances have changed in the last year or who have received a letter to reconfirm their income details must contact HMRC before 31 July. Tax credits customers only have until 31 J ...
OFF-PAYROLL APRIL 2021 PRIVATE SECTOR ROLLOUT NOW A CERTAINTY
David Chaplin of Contractor Calculator reported last night the following after the four-year loss against Off-Payroll Rules due to come in as of April 2021. David wrote; The April 2021 rollout of the ...
CITB AGREES TO CUT LEVY BILLS BY 25% FOR TWO YEARS
CITB has revealed plans to cut levy bills by 25% over the next two years and give cash-strapped contractors more time to pay. Employers will continue to have a payment holiday on the levy until S ...