Business : Market Activity, Finance & Investment News
RED CONSTRUCTION GROUP SECURE OVER £100M OF WORK IN THE SOUTH WEST AND CELEBRATE PROJECT COMPLETIONS

Red Construction Group secure over £100m of work in the South West and celebrate project completions

RED Construction Group, the specialist main contractor, is forecasting positive sustainable growth, having surpassed £100m of secured work and celebrating project completions totalling more than £65m within its South West division. The team recently completed the £15m Millstream development, the final piece of the redevelopment of the Chocolate Quarter Retirement

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Government spends £377 million in 9 months to keep British Steel’s Scunthorpe site operating

Government spends £377 million in 9 months to keep British Steel’s Scunthorpe site operating

The Department for Business and Trade (DBT) quickly intervened to save British Steel’s Scunthorpe blast furnaces from closure, and has spent £377 million so far to keep the site operational with no budget set at the 2025 Spending Review, and no end date for the intervention a new report from the National Audit Office (NAO) has found.1  Jingye, the owner of British Steel, and

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Mears sharpens housing focus with £18m FM disposal

Mears sharpens housing focus with £18m FM disposal

Mears has sold its education and health facilities management division for £18m as it accelerates its strategic shift towards core housing services. The contractor confirmed the sale of Morrison Facilities Services Limited following a competitive sales process, marking another step in its plan to streamline operations and concentrate exclusively on

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Hackney approves funding for 400 new council homes

Hackney approves funding for 400 new council homes

Funding to enable construction to begin on 400 new council homes across Hackney has been approved by the borough’s cabinet, marking a significant step forward in the council’s housebuilding programme. The approved funding will allow work to start on 14 council-owned sites, including underused garages and derelict office buildings. Planned

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What does Self Assessment mean for me?

What does Self Assessment mean for me?

Whether you’re a new business owner, have invested in a rental property, started a side hustle or sold assets between 6 April 2024 and 5 April 2025 chances are you’ll have to pay tax on your earnings and that means Self Assessment. The 31 January 2026 deadline for filing your

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Modular Developer Reds10 sets sights on NHS hospitals in £500m growth drive

Modular Developer Reds10 sets sights on NHS hospitals in £500m growth drive

Modular construction developer Reds10 is positioning the NHS hospital building programme as a cornerstone of its next growth phase, as it targets annual turnover of £500m. The business has developed a prototype modular in-patient hospital bedroom designed to support the government’s Hospital 2.0 ambition under the New Hospital Programme. If

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Funding secured for Darlington STEM Centre

Funding secured for Darlington STEM Centre

Darlington has secured £16 million from the Government’s Growth Mission Fund, announced in the Budget, completing the investment package needed to deliver a new Science, Technology, Engineering and Maths (STEM) learning centre at the town’s science park. The Pride in Place programme is also contributing to the project to create

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Latest Issue
Issue 340 : May 2026

Business : Market Activity, Finance & Investment News

RED CONSTRUCTION GROUP SECURE OVER £100M OF WORK IN THE SOUTH WEST AND CELEBRATE PROJECT COMPLETIONS

Red Construction Group secure over £100m of work in the South West and celebrate project completions

RED Construction Group, the specialist main contractor, is forecasting positive sustainable growth, having surpassed £100m of secured work and celebrating project completions totalling more than £65m within its South West division. The team recently completed the £15m Millstream development, the final piece of the redevelopment of the Chocolate Quarter Retirement Village, formerly Cadbury’s Chocolate Factory. The works involved navigating an existing basement structure to construct the five-storey block that consists of 44 extra-care apartments, a communal lounge, a basement plant room, cycle store, and extensive associated external works. Following the successful delivery of the Chocolate Quarter Retirement Village, St Monica Trust has now appointed the South West division as its construction partner on The Hub, a vibrant new social facility to be located at the heart of Cote Lane Retirement Village in Bristol. The RED team will create an extension to Grade II listed building, Oatley House, linked via clear structural glass, creating a modern, comfortable communal space with seating, sofas, and a serving counter. The internal refurbishment will involve the reconfiguration of bathroom facilities, an adjustment of office layouts, and a new reception area. By transforming the previously underused space into a vibrant, welcoming café and social hub, both residents and visitors will benefit, while also preserving the 1920s character of Oatley House. These project milestones with St Monica Trust coincide with the division’s completion of several cladding remediation schemes in the South West of which include works on The Crescent, Balmoral & Waverley, and The Panoramic. These projects total over £15m and deliver fire safety works to over 400 apartments within the city of Bristol. James Devey, Divisional Director at RED Construction South West, commented: “We’ve been busy delivering projects that truly make a difference.  The completion of several cladding remediation projects and final piece of the Chocolate Quarter are perfect examples.  The new social hub at St Monica Trust’s Cote Lane Retirement Village represents the success of our approach to collaboration, delivery, and willingness to take on projects that enhance the community.” David Williams, Chief Executive at St Monica Trust, added: “RED Construction South West’s work on The Chocolate Quarter has been an all-round success, so when it came to selecting a contractor for The Hub, the team were the obvious choice. As we look towards the refurbishment of the equally historic Oatley House, we can trust that the task of delivering The Hub has been placed into the best hands.” The news follows RED South West recently breaking ground on StudioHIVE’s Weston Health Hub, located in Weston-Super-Mare. The first phase of the project will involve the construction of a new health centre and GP surgery, providing facilities serving up to 12,500 people. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Government spends £377 million in 9 months to keep British Steel’s Scunthorpe site operating

Government spends £377 million in 9 months to keep British Steel’s Scunthorpe site operating

The Department for Business and Trade (DBT) quickly intervened to save British Steel’s Scunthorpe blast furnaces from closure, and has spent £377 million so far to keep the site operational with no budget set at the 2025 Spending Review, and no end date for the intervention a new report from the National Audit Office (NAO) has found.1  Jingye, the owner of British Steel, and DBT had been in talks around transitioning to electric arc furnaces between 2022 and 2025, but had not reached an agreement.2 In March 2025, Jingye announced that it was losing £700,000 per day due to challenging market conditions, tariffs, and high environmental costs, and it was considering the closure of the blast furnaces. This would have resulted in a large number of job losses at Scunthorpe and affected key customers in the supply chain, such as Network Rail.  In April 2025, DBT intervened after assessing that timescales were critical due to stocks of raw materials running low, and there was a risk of the blast furnaces being switched off. 3 Emergency legislation – the Steel Industry (Special Measures) Act 2025 – was passed to allow DBT to issue formal instructions to British Steel to continue operating its blast furnaces. DBT acted quickly to mobilise a team on site, secure raw materials and put governance arrangements in place.   DBT has so far spent £377 million to keep British Steel operating, including spending £15 million on advisers between 12 April 2025 and 31 January 2026, and £359 million to British Steel for operating activities such as paying for raw materials, payroll, and other operating costs. 4 Spending is expected to reach £615 million by June 2026. If spending continues at current rates, it could exceed £1.5 billion in 2028 depending on policy choices that may be taken in the future.  DBT has no repayment schedule in place, and it is not apparent that British Steel will be able to repay the loan. 5 DBT was not allocated funding for the intervention at the Spending Review and will have to make savings elsewhere to fund part of the intervention from its existing budgets for 2025-26.  DBT considers that the benefits of the intervention have been to ensure the continued and safe operation of the two blast furnaces at the Scunthorpe site, giving the department time to undertake a national security and economic assessment of the steel sector, and to retain primary steelmaking capability in the UK.   DBT has been in contact with the owner, with a view to finding a way through that meets the government’s aims of preserving steelmaking in Scunthorpe and enabling future discussions about investment. Longer-term, a transition plan for converting from blast to electric arc furnaces, and a wider transformation plan may be required to support the future viability of the business.  DBT has established the Steel Programme which covers on-site management at Scunthorpe and work on future steel policy. DBT plans to publish a steel strategy which is expected to outline measures to address sector-wide challenges and attract investment. 6 The government has also previously announced a £2.5 billion commitment to the steel industry. 7  Gareth Davies, head of the NAO, said:   “DBT was able to act quickly to save British Steel’s Scunthorpe furnaces from closure, avoiding heavy job losses and serious impacts on major UK infrastructure and construction projects. However, the trade-off is the significant cost of maintaining operations, and uncertainty over how long this will continue.” “DBT should learn from this experience to be better prepared for future interventions.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Mears sharpens housing focus with £18m FM disposal

Mears sharpens housing focus with £18m FM disposal

Mears has sold its education and health facilities management division for £18m as it accelerates its strategic shift towards core housing services. The contractor confirmed the sale of Morrison Facilities Services Limited following a competitive sales process, marking another step in its plan to streamline operations and concentrate exclusively on the housing sector. The transaction was completed on a debt and cash-free basis with a normalised level of working capital. Morrison Facilities Services, which primarily delivered facilities management contracts across education and healthcare settings, generated revenue of £32m and pre-tax profit of £2.8m in the year to 31 December 2025. The business had previously been reported within Mears’ maintenance-led segment. Mears originally acquired the business in 2011 from Anglian Water Group for £24m. The latest disposal reflects a decisive repositioning of the group’s portfolio in response to evolving market conditions and long-term demand dynamics. Chief executive Lucas Critchley said the move represented further progress in simplifying the group’s structure and aligning it with its strategic priorities. He added that the disposal reinforces Mears’ focus on delivering housing services, a market underpinned by strong regulatory drivers and sustained investment requirements. The decision comes at a time when social housing providers and local authorities are facing increasing pressure around compliance, building safety and decarbonisation. These factors are driving significant, long-term demand for maintenance, refurbishment and asset management services across the housing estate. By narrowing its operational focus, Mears is positioning itself to capitalise on these structural growth drivers while reducing exposure to non-core activities. The sale is expected to provide greater clarity to investors regarding the group’s direction and strengthen its ability to allocate capital and management resource towards its core housing operations. The disposal signals a more concentrated and disciplined strategy as Mears seeks to build scale and resilience within the UK housing services market. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Construction rebounds in February but the Iran conflict looms large over the sector

Construction rebounds in February but the Iran conflict looms large over the sector

February showed a clear rebound on construction activity, with strength concentrated in Residential, Commercial, Education and major infrastructure schemes according to construction data analysts Barbour ABI. Contract Awards were up 16% month on month after a poor January with Residential rising significantly. Commenting on the trend Barbour ABI head of business and client analytics Ed Griffiths said: “The market is increasingly driven by large‑scale regeneration, data‑centre demand, and energy‑transition projects such as HVDC cabling, all of which continue to attract investment despite wider economic uncertainty. Growth in residential awards reflects pent‑up demand for student accommodation and urban living, while commercial recovery is being supported by logistics‑led developments and digital infrastructure.” Residential contract award value increased 32% on January to £2.1bn after an easing. The sector Q1 average now sits just above the average for the same period last year. The largest project in the sector was the replacement 2,330 bed student accommodation, Cambridge Halls in Manchester. The North West, bolstered by large Residential projects and Birkenhead regeneration, saw a 158% increase to £1.16bn after a disappointing start to the year. Meanwhile approvals ticked down 9% to £10.1bn but momentum remains strong with several large residential and mixed‑use schemes achieving consent. The continuing throughput of schemes above £100m demonstrates planning authorities’ commitment to progressing strategic housing and urban regeneration pipelines. Clouds on the horizon However, looking ahead Griffiths sounded a note of caution. “In many ways it’s good news this month but across the sector, contractors still face tight margins, supply‑chain volatility and prolonged planning timelines, which are slowing momentum in some regions. Meanwhile the OBR downgraded GDP growth forecasts for the recent spring statement from 1.4% to 1.1%. Although they were more optimistic about 2027 this did not take into account the potential impact of the US-Israel strike on Iran. “This kind of event reminds us that much of the current uncertainty in the UK construction market lies outside domestic policy control, which adds a further restraint on investment. A spike in oil and gas prices as a result of the current conflict would greatly exacerbate the viability issues that plague the market and halt any progress on delivery.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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NatWest sets new £10bn funding ambition for UK social housing

NatWest sets new £10bn funding ambition for UK social housing

NatWest has today announced a new package of £10 billion of funding to the UK social housing sector before the end of 2028, which when deployed will bring the total funding to social housing in the UK to over £35 billion* since 2018. Through this new ambition, the bank is aiming to support the delivery and maintenance of social housing in the UK, which is vital to the people and families who rely on affordable housing, as well as the wider economy. NatWest has worked with not-for-profit housing associations across the UK to support their growth and development plans building homes and communities for many years. Recent government commitments will help unlock development and speed up delivery. In response, NatWest is committing billions in funding to housing associations, to help enable the development of high quality homes across the UK and support economic growth. The bank also confirmed it has now provided more than £25 billion of funding into the social housing sector since 2018, helping to create and sustain affordable homes nationwide. NatWest aims to support the delivery and upkeep of social housing across the UK, helping housing associations build new homes, upgrade existing properties, and improve living conditions. Some of this lending can help fund energy efficiency and environmental improvements, including retrofit projects. Other funding can help the housing associations sector to deliver a pipeline of new homes and improve living conditions in existing properties. Paul Thwaite, CEO NatWest Group comments: “We are incredibly proud to announce the early achievement of our £7.5 billion UK social housing lending ambition. Delivering this milestone a full year ahead of schedule demonstrates our commitment to making a real difference in people’s lives by investing in the homes and communities that need it most, and shows the demand in the market. “Reaching this lending ambition early has enabled us to set a new target of £10 billion to year-end 2028, so we can continue to provide social housing lending and play our part in supporting the development and availability of affordable and social rent homes across the UK.” Chancellor of the Exchequer Rachel Reeves said: “This government is backing a step change in affordable housing to end the housing crisis, with £39 billion for a new social and affordable homes programme and 10 year rent certainty for the sector. “NatWest’s investment will be vital in helping housing associations deliver thousands of affordable homes for families priced out of home ownership, building an economy that works for and rewards working people.” The announcement forms part of the bank’s new five point Growing Together plan, setting out how the bank will help build the conditions for UK wide growth: backing powerful regions, championing mid-market companies, strengthening the country’s infrastructure and housing foundations, boosting financial confidence amongst families and young people, and supporting the innovators shaping the future economy. Drawing on its regional footprint, expertise and convening power, the bank aims to bring businesses, communities, and policymakers together to tackle structural barriers, unlock productivity and spread opportunity across the UK. Recent research from Shelter revealed that 382,618 people are homeless in England – including 175,025 children. And the number of people officially recorded as homeless has risen by 8% in one year. According to Shelter, the shortage of social homes, unaffordable private rents and the freeze on housing benefit are pushing more people into homelessness and trapping them there. With limited pathways into secure, affordable homes, many people risk becoming stuck in temporary accommodation intended for short-term use, for months or even years. Over 90% of the people recorded as homeless – including 84,240 families – are in temporary accommodation. In addition to these commitments, last year NatWest announced several other initiatives and partnerships that have complemented and contributed to our social housing lending ambition being achieved. These include a financial guarantee of up to £400 million from the National Wealth Fund to cover a series of new loans from NatWest to registered providers of social housing stock in the UK. The bank also launched a new social rent loan product to support housing associations, which are already NatWest customers, to support the construction of social rent houses across the UK. In December 2025, this fund was doubled to £1 billion in response to strong demand and to help continue the delivery of homes for social rent across the country. These initiatives complement NatWest’s ongoing dedication to supporting communities and helping to address the housing crisis. VIVID secures £100m from NatWest as part of landmark £500m social loan fund In November 2025, UK housing association VIVID, secured £100 million in funding from NatWest as part of the bank’s social loan fund, designed to support the delivery of homes for social rent across the country. VIVID was the first to draw down funds from this. The facility offers discounted interest margins and no arrangement fees, meaning housing associations could save significant sums in finance costs and reinvest those savings into building and improving homes for those who need them most. These homes for social rent are expected to help ease the shortage of social homes, support vibrant local communities, and the funding should give VIVID the flexibility to keep building where it matters most. It will go towards building an additional 450 new social rent homes for more customers and comes with a 10-year loan term, providing stability for long-term investment. David Ball, Chief Financial Officer at VIVID, said: “NatWest’s new social rent loan product gives housing associations the financial flexibility to build more homes at social rent levels. The overall rate discount being offered is an innovative step change that shows NatWest’s commitment to supporting the Government’s Social Rent led agenda.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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Hackney approves funding for 400 new council homes

Hackney approves funding for 400 new council homes

Funding to enable construction to begin on 400 new council homes across Hackney has been approved by the borough’s cabinet, marking a significant step forward in the council’s housebuilding programme. The approved funding will allow work to start on 14 council-owned sites, including underused garages and derelict office buildings. Planned developments include nine new terraced houses on the Nye Bevan Estate, energy-efficient homes at Morris Blitz Court, and a new block of 18 homes replacing garages at Blackwell Close in Clapton. At least 300 of the new homes will be delivered at council social rent. Funding for the programme will be provided through a combination of the Mayor of London’s Affordable Homes Fund and direct council investment. Mayor of Hackney, Caroline Woodley, said: “This is another milestone in our mission to deliver 1,000 new council homes for social rent across Hackney, which will see spades in the ground on 400 new homes. “We’re building some of the best new council homes in the country. They’re spacious, energy efficient, designed in partnership with communities and, most importantly of all, local people always get first dibs. “I’m proud of our record, but we know there’s more to do, which is why we want to expand our housing programmes to build and buy back thousands more for the people in desperate need of somewhere to call home.” The council is currently delivering 972 new council homes across Hackney, despite rising construction costs and the impact of new building regulations. Delivering a single council home in London now costs more than £500,000, presenting ongoing financial challenges for local authorities. All new homes delivered through the programme are prioritised for residents most in need, with local people given first priority. Developments are designed in partnership with communities to ensure they reflect local character and needs, and the council’s housing programme has received multiple industry awards, including the RIBA Neave Brown Award for the best social housing in the UK. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Press Release Happy New Year! UK construction performance finishes 2025 on a high

Press Release Happy New Year! UK construction performance finishes 2025 on a high

Happy New Year! UK construction performance finishes 2025 on a high 2025 concluded with a significant increase in project starts during the Index period This week, Glenigan | A Hubexo Product, one of the construction industry’s leading insight experts, releases the January 2026 edition of its Construction Index. The Index reviews the three months to the end of December 2025, focusing on underlying projects with a total value of £100 million or less (unless otherwise stated). All figures are seasonally adjusted. It’s a report which provides a detailed and comprehensive analysis of year-on-year construction data, giving built environment professionals a unique insight into sector performance over the last 12 months. The January Construction Index reveals that overall construction performance is starting to improve following a sluggish end to Q.2 2025, and a distinctly depressed Q.3 2025. In fact, projects starting on site rose by 7% in the three months to December, indicating that the sector is starting 2026 on a surer footing than that of the preceding quarter. Despite start activity remaining 7% lower than 2024 figures, the outlook for the coming year is far from gloomy and, with significant Government funding in areas including housebuilding, amenities, critical infrastructure, and capital projects there’s hope that this cash injection into the public realm will act as a catalyst to thaw currently frosty private investors both home and abroad. According to the Index, this current and potential growth is being seen across a variety of different verticals and, whilst residential categories posted losses, non-residential counterparts (including civils) posted strong results during Q.4 and against the preceding year. Commenting on the results, Glenigan’s Economics Director, Allan Wilen, says, “Contractors and subcontractors across the UK will be breathing a sigh of relief that, contrary to expectation and speculation, the sector finished up 2025 on a positive note, buoyed by significant Q.4 growth across non-residential verticals, particularly office and industrial where work has skyrocketed providing much needed momentum.” He continues, “Looking at the year ahead, whilst it won’t be a cake walk by any means, hopefully this non-residential activity boost will provide the basis for a further strengthening, reflecting the 2026 return-to-growth predictions we made in our recent Construction Forecast. However, this only addresses half the story. In the short term, the toughest nut to crack will be the persistent private residential market stagnation. Languishing in the doldrums, it desperately awaits a return of house-purchaser confidence and faster BSR clearance of high-rise projects; something the Government will no doubt chew over intensely over the first half of the year to find a way of easing the deadlock.” Taking a closer look at the results… Sector Analysis – Residential The Residential sector was a mixed bag, registering a modest 2% decline in the preceding three months, down by a fifth (-20%) against 2024 figures. Drilling deeper, private sector activity maintained a downward trajectory, posting 15% drops during Q.4, plummeting 29% compared to the previous year. Social housing, however, fared somewhat better, with 28% rises during the Index period to finish 16% up on last year. Sector Analysis – Non-Residential It was a different story in the non-residential sector, which experienced a robust period of growth, with most verticals scoring an increase during Q.4 Once again, the sun continued to shine on office construction, which rose by 11% against the preceding three months and 53% above 2024 levels. These impressive results can be largely attributed to the commencement of some sizeable projects, including the £70 million Dirac Building on the new St John’s Innovation Park development in Cambridge, and various other schemes. Not to be outdone, Industrial project starts were similarly on the up, soaring to 41% during the Index period and by 57% against the previous year. The commencement of various schemes up and down the UK helped to support sector growth. Once again, community and amenity projects saw an increase, with project starts on site up by 37% on 2024 figures and by 29% compared to the preceding three months. Perhaps boosted by good vibrations from the UK Government, civils work starting on-site increased 17% during Q.4 and by 15% against the previous year. Infrastructure project starts jumped 8% and utilities 28% during the index period to finish 9% and 23% up on last year, respectively. Elsewhere, performance was inconsistent or in decline. Whilst retail increased by 9% against the preceding three months, it stood 15% lower than the previous year’s figures. Likewise, education projects witnessed a 13% spike during the index period, but finished 8% down compared to 2024. Health and Hotel & Leisure’s results were disappointing. The former saw performance slashed by a quarter (-25%) against the previous year, dipping 7% during Q.4. Similarly, the latter dropped 8% during the preceding three months, finishing 28% lower than 2024 figures. Regional Outlook The Capital was the standout performer, rising to 35% against the preceding three months to stand 33% up against the previous year. Keeping up the pace, the North East also performed well, rising 10% against the preceding three months to stand 34% up against the previous year. It was a similar story in Yorkshire & the Humber, where project starts rose by 16% against the preceding three months to stand 1% up on the previous year. Elsewhere, performance was either patchy or dismal. The South West experienced a mixed performance, rising to 20% against the preceding three months, yet finishing 6% down against the previous year. The West Midlands experienced an especially poor period, declining by 19% against the preceding three months and declining to 12% against the previous year. The South East also struggled, declining 7% against the preceding three months to stand 14% down against the previous year. Find out more about Glenigan here: www.glenigan.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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What does Self Assessment mean for me?

What does Self Assessment mean for me?

Whether you’re a new business owner, have invested in a rental property, started a side hustle or sold assets between 6 April 2024 and 5 April 2025 chances are you’ll have to pay tax on your earnings and that means Self Assessment. The 31 January 2026 deadline for filing your Self Assessment and paying the tax you owe is fast approaching, so Jashoda Pindoria from HM Revenue and Customs (HMRC) helps explain what Self Assessment is and what you may need to do. What is Self Assessment?                                                                       Self Assessment is how the self-employed and sole traders pay tax on their income. People are usually taxed automatically through their pay from their employer, but if you’re self-employed as a contractor or freelancer or if you haven’t been automatically taxed, for instance you rent out a property, you may need to declare your income by completing a tax return and then pay any tax owed. The current Self Assessment reporting period is for 6 April 2024 to 5 April 2025. I think I might need to do a tax return this year. How do I check? If you’re new to Self Assessment and not sure where to start, you can use the ‘check if you need to send a tax return’ tool on GOV.UK. You simply answer a few straightforward questions and the tool helps you decide if you need to complete a tax return. How do I get started? If you are new to Self Assessment for the 2024 to 2025 tax year,  you’ll first need to register for Self Assessment. You can watch our helpful YouTube videos which take you through the online registration process every step of the way. Once you have registered, HMRC will send you your Unique Taxpayer Reference (UTR) – a 10 digit reference number that is used to identify your Self Assessment tax record. Your UTR is also stored in the HMRC app or your online account.  You can complete your tax return online via GOV.UK. When you’re ready to start your tax return you’ll need your UTR and National Insurance number, as well as details of your income, earnings, savings interest and other financial records. It seems daunting to me, where can I go for help? HMRC wants to help you get your tax right so there’s a lot of helpful guidance on GOV.UK to advise you how to complete your tax return including:  There’s also specific guidance for the various reasons you could be completing a tax return, for example if you’re filling out a Self Assessment because of your side-hustle earnings and regularly sell goods or provide services through an online marketplace, then have a look at HMRC’s information sheet on selling online and paying taxes. When is the deadline? The deadline for submitting your Self Assessment return online and paying your tax for the 2024 to 2025 tax year is 31 January 2026. If you miss the deadline, you could incur penalties.  If you have paid too much tax, we’ll let you know and repay you once we’ve processed your Self Assessment return. You can also check if you’re due a refund in the HMRC app once you’ve filed your return. What information do you need to include on your return? You’ll need to include all your taxable income on your tax return so you can pay any tax owed. So that’s any income you have already paid tax on (for example, if you’re employed and paid Income Tax and National Insurance through PAYE) as well as any expenses so we can accurately calculate if any tax is due. You’ll also need to include information on any contributions you’ve made to charity or pensions that may be eligible for tax relief. Make sure you keep records such as bank statements, invoices, contracts and receipts for your income and outgoings. Can I ask someone else to fill my Self Assessment in for me? Yes, you can authorise an agent to manage your tax affairs (such as an accountant or tax adviser) or ask a friend or relative or give someone power of attorney to act on your behalf. More information on this can be found here Appoint someone to deal with HMRC on your behalf. But it’s worth remembering it remains your responsibility to ensure the return is accurate and submitted on time. Please do not share your HMRC login details with anyone, including your tax agent. How do I pay? The deadline to pay any Self Assessment tax owed is 31 January 2026 and the quickest and easiest way to pay is through the HMRC app. If you think you may struggle to pay your tax bill, please get in touch with us to let us know. There are a range of payment options, that could be available to you including a Budget Payment Plan where any payments you make will be used to pay your next tax bill. You may be able to set up a payment plan yourself. The plan, known as a ‘Time to Pay’, means eligible customers can arrange to pay their tax bill in regular instalments over an agreed period. Will I need to do Self Assessment next year? If you continue to meet the Self Assessment criteria in the ‘check if you need to send a tax return’ tool on GOV.UK you need to continue to file a Self Assessment tax return. If your circumstances change and you no longer believe you need to complete a tax return, then you must tell HMRC as soon as the change happens. You can find out how to stop your Self Assessment through our online videos. Don’t ignore an HMRC letter remining you to complete a tax return, even if you think you haven’t got anything to pay. Get in touch with us if you don’t think you should complete one as you could receive a penalty if we’re expecting a return and don’t receive one.   I’m self-employed and do Self Assessment, so is there anything

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Modular Developer Reds10 sets sights on NHS hospitals in £500m growth drive

Modular Developer Reds10 sets sights on NHS hospitals in £500m growth drive

Modular construction developer Reds10 is positioning the NHS hospital building programme as a cornerstone of its next growth phase, as it targets annual turnover of £500m. The business has developed a prototype modular in-patient hospital bedroom designed to support the government’s Hospital 2.0 ambition under the New Hospital Programme. If approved, the room could become a standardised model deployed across future hospital developments, offering the NHS a repeatable, modular solution to accelerate delivery of new healthcare facilities. The healthcare focus comes as Reds10 prepares for its next stage of expansion, following a year of steady performance. The company reported revenue of £145m for the year ending 31 March 2025, alongside continued investment in advanced manufacturing, automation and data-led design. Operating margin held at 4.8%, with pre-tax profit stable at £7m. Reds10 remains debt free, holding £20m in cash, and is forecasting revenue of approximately £160m in the current financial year. At its Driffield manufacturing campus, two of the firm’s five factories are now fully industrialised, supported by increased automation and data-driven production processes. This investment underpins a secured pipeline in excess of £350m, spanning long-term programmes across defence, education and justice. Reds10 has been appointed as one of five contractors on the Defence Infrastructure Organisation alliance delivering single living accommodation for the Armed Forces. The developer also holds positions on the London Construction Programme public-sector education framework and the NHS Shared Business Services Modular Buildings 3 framework. Alongside healthcare, the business is targeting growth in affordable housing and temporary accommodation, applying its industrialised delivery model across multiple sectors. Chairman Paul Ruddick said the company’s performance demonstrated the resilience of volumetric construction when backed by the right strategy. He said the business had defied wider challenges in the sector by diversifying income streams and taking a long-term approach to investment. Following a period of consolidation, Reds10 is now accelerating the industrialisation of its design, manufacturing and construction processes, with artificial intelligence embedded throughout its operations. Looking ahead, Ruddick said the developer sees significant opportunity in both health and residential markets, where its scalable, industrialised model can support the next generation of buildings and infrastructure. Building, Design & Construction Magazine | The Choice of Industry Professionals

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Funding secured for Darlington STEM Centre

Funding secured for Darlington STEM Centre

Darlington has secured £16 million from the Government’s Growth Mission Fund, announced in the Budget, completing the investment package needed to deliver a new Science, Technology, Engineering and Maths (STEM) learning centre at the town’s science park. The Pride in Place programme is also contributing to the project to create routes into quality local employment. The independent Neighbourhood Board overseeing Pride in Place has agreed to focus funding on Skerne Park, Red Hall, Bank Top, Northgate and Branksome, tackling long-standing inequalities through improvements to community facilities. Local residents will be encouraged to help decide priorities and take part in managing any new provision. The five areas were selected following an analysis of greatest need. “This project will be a game-changer for Darlington. It will help us deliver real improvements in our communities, supporting the priorities in our Council Plan and ensuring these neighbourhoods are great places to live, work and thrive. I look forward to sharing more details about Pride in Place as it develops,” said Cllr Stephen Harker, Leader of Darlington Borough Council. David Gartland, CEO and Principal of Darlington College and chair of the Neighbourhood Board, said: “We’ve made an incredibly good start. The Board’s commitment to the STEM Centre has leveraged additional funding three times its original contribution, which would not have been possible without that investment.” He added: “The commitment that the Board made to the STEM Centre has attracted additional funding three times the amount of our contribution which simply wouldn’t have happened without our funding. This and the work we are doing in communities will leave a fantastic lasting benefit to Darlington.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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