Major Announcements by Chancellor Rishi Sunak

  08 JULY, 2020
housing green homes grant budget

Rishi Sunak has today set out plans to mitigate the impacts that coronavirus has had on the construction sector and economy at large. Here are some of the key highlights from today’s announcement.

The Construction Talent Retention Scheme

In a move to protect against widespread redundancies across the sector, the Government in conjunction with the Construction Leadership Council, announced a new Construction Talent Retention Scheme.

Under the scheme, employers will be able to redeploy staff at risk of redundancy through an online portal and temporarily loan employees between different businesses.

This scheme will also make it easier for redundant workers from other sectors to find employment in the construction sector.

The Talent Retention Scheme will launch later in July and all services provided by the scheme are initially free until April 2021.

Further information on the scheme is available by downloading CLC’s flyer and businesses are able to register their interest in the scheme by visiting the website.


The Green Homes Grant

With the UK aiming to go carbon neutral by 2050, it was also announced that from September 2020, homeowner occupiers and landlords are able to apply for vouchers to cover costs associated with making their properties more energy efficient.

The vouchers will cover two-thirds of the cost to make their homes more energy efficient, up to a limit of £5,000 per home. Up to £10,000 will be provided for low income households to cover the entire cost of the upgrade.

“Taken together we expect these measures to make over 650,000 homes more energy efficient, save households up to £300 a year on their bills."

"And, most importantly right now, support around 140,000 green jobs.” Said the chancellor.

In order to pay for the vouchers, the Government has set aside £2bn, with a further £1bn allocated to making public buildings and social housing more energy efficient.

reminder that Novus are able to assist with any energy efficient works required to properties.

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Temporary cut to stamp duty

From tomorrow, the Government will raise the stamp duty threshold to £500,000 in a move that will see “nearly nine out of 10 people buying their main home this year will pay no stamp duty at all.”

The chancellor hopes that this will give people the confidence “to buy, sell, renovate, move and improve” properties that will in-turn “drive growth, that will create jobs.”

This temporary cut is in place for England and Northern Ireland and will run until at least 31 March 2021.


VAT has been slashed for hospitality sector

To get the hospitality sector moving again, VAT will be slashed by the chancellor.

Beginning 1 week from today (8th July) until 12th January, VAT has been cut from 20% to 5% on food from restaurants, cafes and pubs, accommodation in hotels, B&Bs, campsites and caravan sites, and attractions such as cinemas, theme parks and zoos.

Mr. Sunak also introduced a surprise pioneering scheme to provide everyone in the UK "Eat Out to Help Out" discount during August.

"Meals eaten at any participating business, Monday to Wednesday, will be 50% off, up to a maximum discount of £10 per head for everyone, including children," he said.


Further job retention schemes

Further measures to ensure job retention were also given the green light today.

“If you stand by your workers, we will stand by you.” That was the clear message to struggling businesses faced with making their staff redundant due to the coronavirus pandemic.

"If you're an employer and you bring back someone who was furloughed - and continuously employ them through to January - we'll pay you a £1,000 bonus per employee.”

So for businesses to get the bonus, the employee must be paid at least £520 on average, in each month from November to the end of January - the equivalent of the lower earnings limit in national insurance."

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NOVUS AND DULUX DONATE MATERIALS TO A LOCAL SPECIAL SCHOOL

Novus were already working on a building refurbishment contract at Horton Lodge Special School in Rudyard, where 3 respite overnight bedrooms were in need of redecoration. Novus and supply partner Dulux were happy to donate materials to the cause.  Horton Lodge Community Special School Situated in the picturesque lakeside village of Rudyard in Staffordshire, lies Horton Lodge School. As a special school, it aims to "provide high-quality teaching and learning where children are challenged and every individual is valued." The school caters for children aged from 2 to 11 years with physical disabilities, with many of the pupils experiencing additional learning difficulties, complex communication needs, and visual and / or hearing impairments. As the Stoke Sentinel reported in September, Horton Lodge was one of five Staffordshire schools that stood to lose funding for children’s overnight stays from this term before the funding cuts were ultimately put on hold. The refurbishment contract Horton Lodge has a residential provision known as "Kiplings" so named due to its proximity to Lake Rudyard. Kiplings is designed and managed to provide a homely environment for the school's children and young people.  The provision is designed to help build independent living skills as children learn to feed and bathe themselves, read to each other, and take part in creative activities. As part of the works, 3 bedrooms within Kiplings were in desperate need of refurbishment and redecoration, as the windows tended to leak into the rooms causing damp damage to the flooring and skirting. Novus were awarded the contract to carry out the refurbishments on the school, these works included: Refitting windows and doors to bedrooms Replacing the carpets Roof repairs Boiler replacement Shower refurbishments When complete, the refurbishments were described as a "real boost" to the school by the Headteacher. Donation of materials At the time, Horton Lodge were asking for donations of paint and curtains to redecorate their bedrooms in time for the return of the children after the summer break. Novus sourced the curtains and window tracks from a local Staffordshire supplier and donated them for use in the bedrooms. Supply partners Dulux also kindly donated the paint required to redecorate the bedrooms, which equated to over 65 litres free of charge. The school caretaker then decorated the bedrooms himself. Chris Lear, Senior Quantity Surveyor at Novus Property Solutions said: "It was our pleasure to donate these materials to Horton Lodge, the work they do with young people here is inspirational and we hope the children enjoy their new bedrooms."

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