BMF Comment on Spring Statement    


BMFCommenting on the Spring Statement, John Newcomb, Chief Executive of the BMF said, “The BMF is pleased to see the government focus attention on tackling the issue of late payments which is a big issue for our members, particularly for smaller builders’ merchants. The collapse of Carillion gave a clear indication of how vulnerable suppliers can be to their customers and we support measures that minimise these risks to our members in the future. In order to keep Britain building and delivering the building blocks for growth, it is vital that merchants are paid quickly.   

“The Spring Statement has also re-iterated other positive changes for the building materials supply industry including funding to stimulate housing growth, £80 million funding to support apprenticeships in SME firms and an additional £50 million to support T level training. Encouraging new apprentices into the sector is a key aim of the BMF and we hope that this funding will help to drive this forward.”