Redrow To Restart Work With Covid-19 Supervisors On All Sites

Redrow is the latest house builder to announce a return to work with a raft of Covid-19 protection measures on all sites. Redrow will be mobilising sites from May 11 with a phased return to construction on May 18 with “robust social distancing protocols and physical measures in place.” These include an e-learning module for all Redrow employees, induction videos for contractors, appointed Covid Supervisors for each site and enhanced signage and PPE. Read more on the Construction Enquirer website.

https://www.constructionenquirer.com/2020/04/27/redrow-to-restart-work-with-covid-19-supervsiors-on-all-sites/

Help-To-Buy Scheme Aids Some Buyers, But Boosts Builders Even More

Housebuilder Redrow says it’s looking forward to working with government to consider the future of the help-to-buy subsidy scheme beyond 2021. You bet it is. Since former chancellor George Osborne in 2013 committed to helping homebuyers purchase new properties with a deposit of only 5%, Redrow has reported record profits every year. The latest annual numbers – and a share price that has improved threefold since 2013 – shows how wonderful life has become for big housebuilders. Operating margins are running at 19% and return on capital employed has hit 26%. About 40% of its private sales are to help-to-buy purchases, which is typical for the sector. Read more on the Guardian website.