Budget brings welcome investment in construction sector

Ibstock brick factory

Commenting on today’s Budget, Darren Bowkett, Operations Director at Ibstock Brick and Managing Director of Ibstock Kevington, says:

“Today, the Government has demonstrated its firm commitment to keep Britain building with plans for over 300,000 new homes. At a national level this is precisely the news we were hoping for. This announcement, when coupled with the Help to Buy scheme for first time buyers, provides exactly the kind of financial support we need to catalyse economic growth in the UK and to bolster the continued health and growth of the construction sector.

We also welcome news of the new £34m fund to develop construction skills across the UK. This is clearly an essential investment if we are to collectively achieve the Government’s ambitious housing goals.

“Crucially, today’s Budget delivers the necessary policy framework needed to build affordable homes for the many, not the few. And, of course, brick should be the material of choice to construct these homes. We firmly believe brick continues to offer housebuilders and developers a viable, affordable and sustainable solution for modern construction, regardless of economic conditions.

“It is also fair to say that brick is having a renaissance at present. Right throughout the supply chain there is a demand for brick built homes and buildings. And, from architects to builders right through to home-buyers, there is a sense of a reinvigorated aesthetic appreciation of traditional building materials. Brick is at the very heart of this.

“So that Ibstock Brick can continue to meet the UK’s housing needs now, and in the future, we’ve ensured that ongoing investment is at the heart of our business strategy. Next year, we will open our £54m new factory in Leicester (pictured above); a move which will enable us to deliver an additional 100million bricks to the UK’s housing market each year – equivalent to 10,000 to 15,000 new homes.