Category Archives: Industry News

CPA warns that the winter ahead will be ‘crucial’ for construction The CPA’s main scenario for construction output in 2020 is a 14.5% fall as the construction industry shows promising signs of recovery from the coronavirus pandemic. Demand for new private housing and private housing repair, maintenance and improvement (rm&i), as well as strong growth…

Investment in construction collapsed by a third during lockdown Business investment in the construction industry collapsed by 36% annually as the coronavirus pandemic ravaged the economy, analysis of latest official data by specialist tax relief consultancy Catax shows. Total business investment in the sector fell to £1.8bn in the second quarter of 2020, down from £2.8bn in…

Housing transactions roar back in September Housing transactions surged by more than 20% in September, according to the latest government statistics. The provisional seasonally adjusted estimate of UK residential transactions in September 2020 is 98,010, which is very similar to September 2019 at only 0.7% lower and 21.3% higher than August 2020. Alan Cleary, Managing…

ARA Venn to manage £3bn Affordable Homes Guarantee Scheme Housing Minister Rt Hon Christopher Pincher MP has announced that ARA Venn will manage the government’s new £3 billion Affordable Homes Guarantee Scheme. Today, contracts were signed for investment management firm ARA Venn to deliver the £3 billion scheme that will provide cost-effective long-term loans to…