LendInvest is calling on the government to revise its treatment of small and medium sized property investment and development companies.
In a new report, entitled Starting Small To Build More Homes: a blueprint for better policymaking for property SME market, LendInvest brings together industry evidence to examine the root cause and impact of challenges faced by property SMEs.
The issues addressed include constrained access to finance and distorted policy around regulation, taxation, and access to land.
Christian Faes, co-founder and chief executive of LendInvest, said: “80% of small-scale developers have gone out of business since the last housebuilding boom which is an appalling statistic.
“It’s meant less employment, less entrepreneurialism and fewer new homes on British streets where large-scale housebuilders didn’t pick up the slack.”
The report also illustrates the social and economic contributions that property investment and development SMEs make locally and nationally.