Market Leads & Opportunities
Shetland Islands Council approves home building loan
Shetland Islands Council has approved a £300,000 loan to BA Builders (Shetland) Ltd to allow the building firm to construct more homes.The loan will help to build up to 13 modern and energy-efficient homes in rural areas, which supports the council’s strategic objectives to encourage people to live and work in Shetland.The move is considered a pilot project since the council has not provided loans to local businesses for housebuilding before.Brian Anderson, owner of BA Builders, said that the company has changed its business model to prioritise new builds, rather than concentrating mostly on smaller scale projects, such as extensions and renovations.
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