Housing Minister Grant Shapps is shortly to announce a new £30 million fund for self builders.

This fund will provide short-term finance for projects where groups of self-builders come together to self-build homes at the same time.

Interested in self-build? Read our guide on making sure you get planning permission. Or call 01282 872570 to find out how we can support your project.

These types of projects have struggled in the UK because of the reluctance of lenders to provide finance. But now Self-build groups will be able to bid for a slice of the cash to part fund land acquisition and early development costs with money being repaid on completion of the project.

Grant Shapps said:

“The self-build industry is riding the crest of a wave, with more people than ever wanting control over the design and build of their home. But despite this self-build surge, we continue to lag behind the rest of the world. I am determined to change this so anyone who wants to embark on a self-build project has the opportunity to do so.” (source: DCLG)

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