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Budget 2014: Welcome boost, says brick maker

19 Mar 14 A leading brick producer has described chancellor George Osborne's 2014 budget as 'another welcome boost'.

Andrew Halstead-Smith, group marketing manager at Ibstock Brick, said: 鈥淔ollowing the recent growth in the construction industry, today鈥檚 announcement regarding the extension of Help to Buy鈥檚 equity loans until 2020, is another welcome boost to support the country鈥檚 house building industry and subsequently, drive further demand for bricks.

鈥淎t the depth of the recession in 2010, Ibstock foresaw the return to form of the construction industry and made the decision to invest more than 拢20m in the redevelopment of our Chesterton factory in the heart of the Potteries.聽 This investment has led to a world-leading production site - the most energy efficient of its type in the world.聽 We have future-proofed the factory and a range of suppliers as well as protecting 80 factory-related jobs, thereby guaranteeing opportunities for the local community for the next 25 years."

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