The Federation of Master Builders (FMB), has welcomed the new £30m Small Developers Scheme from the Scottish Government.

The fund, launched yesterday (12 January), aims to assist small and medium-sized housebuilders throughout the country.

The FMB has said the initiative will increase growth among the small house building sector.

Commenting, Gordon Nelson, Director of FMB Scotland, said: "Like the Scottish Government we want Help to Buy (Scotland) to stimulate sales of new homes across both urban and rural Scotland, thereby helping more people across the whole country to buy new homes.

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"This is only achievable with the participation of smaller local building firms and we therefore welcome the move to ring-fence £30 million specifically for buyers who want a new property built by one of these companies.

"I am hopeful that many small and medium-sized (SME) house builders in Scotland which are known and trusted in their communities will now be able to benefit from this additional funding."

He added: "It's essential now that the Scottish Government ensures the scheme is as accessible as possible by limiting the amount of bureaucracy involved for those small firms which want to register.

"One of the greatest barriers to engagement of small firms in government schemes is the bureaucracy involved so the process must be as simple and straightforward as possible."

(JP/IT)