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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Burnham’s Your First Home scheme ‘could boost Bellway’s house output by 10%’

Builders working on new-build homes
Bellway is aiming to build between ⁠9,000 and 9,400 homes in the current year. Photograph: Steve Parsons/PA

The new Your First Home programme for first-time buyers could increase the number of houses British builder Bellway produces each year by 10%, its boss has said.

Faced with a chronic shortage of homes, the government has made housing one of its top priorities and Andy Burnham’s surprise announcement of the YFH scheme a fortnight ago sent housebuilders’ shares soaring by more than 10%.

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