“The outlook for housing developers, fundings and associations shouldn’t look as bleak as it does,” commented Andrew Cavanagh, CFO at Salboy.

“Buyer demand is robust, finance is accessible, and the supply:demand ratio for new housing in this country is skewed heavily in their favour.

“But the difficulty of securing capable construction partners to build in locations where houses are most needed is reaching fever pitch.

“Across the country, developers’ schemes are slowing down, stalling altogether or taking years to get out of the ground because suitable contractors cannot be mobilised quickly enough or with sufficient certainty that they can deliver on time and on budget.”

Salboy Construction was established by Salboy in April 2024 in response to these conditions.

The business was initially focused on supporting some of the group’s own developments, as well as select sites funded by Salboy Capital, the group’s property funding partnership business.

Since its initial launch, Salboy Construction has delivered 120 homes with a further 139 currently under construction.

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The team is now contracted to work on sites by both Salboy’s development team and other developers, funders and housing associations around the country.

Salboy Construction is now formally launching its services to a wider range of third-party clients nationwide.

Andrew added: “Over the past few years, more and more funds, banks, housing associations and registered providers of social housing have approached Salboy to help bring their projects forward.

“Until this point, capacity was our only constraint. We’re excited that now, thanks to Salboy Construction, we can start saying ‘Yes’ to more of these projects and bring forward more homes where they’re desperately needed.”

Stephen Ward, construction director at Salboy (pictured above), said: “Anyone working in the construction space today will have seen good housing schemes stall, not because demand wasn’t there, but because the right delivery partner could not be secured or retained. That is exactly the gap Salboy Construction has been created to fill.

“In a short space of time we’ve been able to show developers and funders we’ve the right mix of domain expertise, supplier leverage and tenacity to bring greater certainty to schemes that might otherwise struggle to get off the ground.”