15:41 The Minister of State, Department for Levelling Up, Housing and Communities (Rachel Maclean)

We have talked about how the number of small house builders is trending in the wrong direction. They used to account for as much as 40% of new homes in 1988 and, unfortunately, their market share has declined considerably. It is a challenging time, and this debate has highlighted the sheer range of challenges they face, from navigating the planning system and a lack of available and viable land to finance and materials shortages. There are longer term challenges, such as accessing labour with the right skills and the transition to net zero. SMEs are particularly vulnerable to demand shocks. Their lower financial resilience and access to capital means that costs, delays and uncertainties associated with the planning system can inhibit their businesses. We want SMEs to play their part in the long-term supply of housing and operate in a competitive and healthy market.

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