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Salboy Construction Expands to Help Meet Housing Demands

Update Salboy Construction: Bridging the Gap in Housing Projects In today's volatile construction landscape, Manchester-based developer Salboy is taking significant steps to address critical housing shortages by announcing the expansion of its construction arm, Salboy Construction. Initially launched in April 2024, this division focused primarily on supporting Salboy's own developments; it has now opened its doors to work with third-party developers and housing associations across the UK. Meeting Time-Critical Housing Needs The decision to broaden their services comes at a precarious time for builders and contractors in the UK, where demand for housing continues to soar amidst limited supply and rising costs. Andrew Cavanagh, the CFO of Salboy, emphasizes a crucial market insight: "The outlook for housing developers, fundings, and associations shouldn’t look as bleak as it does. Buyer demand is robust, finance is accessible, and the supply:demand ratio for new housing is heavily skewed in their favor. Yet, the challenge remains securing capable construction partners to build in crucial locations." With housing units currently stalling due to capacity constraints and contractor unavailability, Salboy Construction aims to bridge this gap by rapidly mobilizing their newly expanded team of 16 construction professionals, quantity surveyors, and procurement specialists to deliver time-sensitive housing projects. A Home-Grown Approach to Procurement One of the pivotal components of Salboy Construction's strategy involves a hybrid delivery model that incorporates its own teams with a network of trusted regional partners, like Domis Construction. This structure not only allows for oversight of quality and cost controls but also enables Salboy's partners to potentially save up to 20% on common building materials through a proprietary procurement network. Salboy’s construction director, Stephen Ward, is keenly aware of the industry's challenges and opportunities: "In a short space of time, we’ve demonstrated to developers and funders that we possess the expertise and determination necessary to bring delayed and viable housing schemes back to life. Our operational model is geared towards certainty in delivery timelines and budget, which is critical in today’s construction market." This innovative approach helps smaller contractors leverage the buying power and supplier relationships typically reserved for larger, publicly listed housebuilders. By doing so, Salboy is empowering small and medium enterprises (SMEs) while driving forward much-needed housing developments. A Response to Growing Industry Needs The expansion of Salboy Construction resonates strongly with a growing recognition that many housing projects are stalled not due to a lack of market demand, but rather due to inefficient contractor mobilization. As Cavanagh points out, "More funds, banks, housing associations, and providers of social housing have approached us, eager for collaboration on projects that have stalled within their portfolios. Now, we can confidently say 'Yes' to more housing projects, bringing homes to areas where they are desperately needed." What Lies Ahead for Salboy Construction The future for Salboy Construction looks promising. With new construction opportunities unfolding both within Greater Manchester and broader regions such as London, Cornwall, and Lincolnshire, the company stands ready to contribute significantly in alleviating the housing crisis. Their approach aligns with changing market dynamics, and with their strong network and effective procurement practices, they are well-suited to tackle the challenges that lie ahead in the UK's housing sector. In conclusion, as Salboy Construction increases its commitments and capabilities, they offer builders and contractors not just hope but tangible solutions to complex housing issues across the UK. By focusing on time-critical and distressed housing schemes, they are strengthening the entire construction ecosystem, ensuring that essential housing projects are not only launched but successfully completed.