Builders were struggling even before COVID-19, says FMB

Builders were struggling: New data published today (9 April) from the Office for National Statistics (ONS) showed a 5.6% fall in private housing repair and maintenance in the three months to February 2020, the largest fall in this series since October 2012.

Brian Berry, Chief Executive of the Federation of Master Builders (FMB), said:

“Repair and maintenance plummeted during a wet winter, and builders have not had the opportunity to revive workloads due to the coronavirus lockdown. They have been suffering due to conditions outside of their control, and further Government help is needed to get this important sector through the crisis.”

Berry concluded:

“The Government must ramp up its support for builders by allowing Directors of small Limited companies to use their dividend payments in their Job Retention Scheme claims. A cash grant mechanism to get builders through this tough time should also be developed, and all financial schemes must come on line as soon as possible.”

Kindly shared by Federation of Master Builders (FMB)