A quarter of SME building firms have missed out on contracts because they can’t secure vital funding, with many claiming banks and building societies are “actively discriminating” against construction companies, the Federation of Master Builders (FMB) has warned.
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Banks are continuing to discriminate against construction companies despite the governments funding for lending scheme. That is according to the Federation of Master Builders (FMB), which has found that one in four of its members has missed out on contracts because they cannot secure funding.