Back to NewsHelp-To-Buy scheme extendeed, resi work in London and good news for the UK Construction industry.

 

More good news for the Construction industry this weekend as George Osbourne has announced plans to extend the Help-To-Buy scheme until the end of the decade. The U.K. will invest a further 6 billion pounds ($10 billion) in Help-to-Buy, which allows people to purchase a newly built home worth as much as 600,000 pounds with a 5 percent deposit. The additional funding will help support the construction of 120,000 properties.

In London The Canary Wharf Group has been given the go ahead to build the first residential tower. The Diamond Tower will include 566 apartments, as well as shops and a health club. Canary Wharf Group plans to begin construction this summer, with completion in 2018. Via Construction Enquirer

Further good news for London residential work as Peabody plans to build 450 homes at a former medical teaching campus in Archway, north London. via Construction Enquirer

 And finally great news all round as The Office For National Statistics has announced UK construction output grew by 1.8 per cent month-on-month to reach 170m pounds in January and 5.4 per cent over the year. via Share Cast

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