Construction sector | Funding support | Bibby Financial Services

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We’ve supported UK construction for more than 15 years

It was in 2004 when we developed Construction Finance to support contractors and subcontractors with two important needs - to access suitable finance and generate cash flow.

Since then, our Construction Finance specialist team has helped many in the industry to survive tough periods. This proved a lifeline for many as approvals for traditional bank loans fell dramatically in the years following the 2008 financial crash.

Today, we continue to find innovative ways to provide flexible funding for those in the construction industry. Our aim is to support contractors and subcontractors through the difficult times and provide the finances required when it’s time to plan for growth.

Discover Construction Finance

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Understanding the needs of the construction sector

The UK construction sector contributes almost 10% of UK GDP, employs over 1m people and is home to over 300,000 businesses of which 99% are made up of SMEs. (ONS, Construction statistics: Number 19, 2018 edition)

The sector is responsible for our entire built environment and infrastructure. Buildings, energy and transport links are projects that can often take years to complete. Projects of this scale mean contractors and subcontractors are paid at regular intervals for completed work. This means cash flow and access to finance are critical to the success of a large and small projects.

Construction Finance case study

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Subcontractors survey reveals state of the industry

Our Subcontracting Growth Report gave a unique insight into the UK industry in 2019. At a time when Brexit and its impact on the economy dominated headlines, our report revealed subcontractors were not immune from the uncertainty and disruption.

Brexit was seen as the biggest threat to subcontractors in 2019, with larger firms the most concerned. And 89% of surveyed subcontractors called on the Government to act to restore confidence.

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Why choose Bibby Financial Services?

When you work with us, you are working with the best. We have gained an excellent reputation for delivering on our promises.

In a sector beset with risk, our experience working with contractors, subcontractors and manufacturers gives us a unique insight into their needs. We work in partnership to help businesses win new contracts and plan for growth. We also help them protect against unforeseen problems, such as the collapse of main contractors, using our Bad Debt Protection.

Following its launch over 15 years ago, our Construction Finance has become one of the leading financial products in the sector. Our clients benefit from our unrivalled understanding of the market
We have a reputation for being specialists in construction funding and our detailed knowledge of the sector means clients quickly receive the right funding
Since 2004, we’ve helped thousands of builders and subcontractors working on both residential and commercial projects get control of their cash flow, build working capital and win new contracts

We have built a relationship with industry specialists, The Vinden Partnership, to provide our clients with contract reviews and advisory support including arbitration and dispute resolution services
We are the only funding partner that allows clients to upload their Applications For Payment online using our secure portal
We have helped over 80 trades including roofers, plumbers, electricians, flooring and groundworks contractors

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