November 10, 2017 / 7:56 AM / a year ago

Galliford says affordable housing business benefiting from UK policies

Nov 10 (Reuters) - British housebuilder Galliford Try Plc said on Friday its affordable housing business was benefiting from government policies.

Britain has a long-term housing shortage, especially in southern England, and Prime Minister Theresa May in October promised a further 10 billion pounds ($13.1 billion) to Help to Buy, a programme that subsidises new construction.

Galliford said the order book at its partnerships and regeneration business — which operates as a developer and contractor in the affordable housing sector — rose to 1.3 billion pounds in the period from July 1 to Nov. 6, from 873 million a year ago.

It said government announcements had provided increased certainty to its clients to bring forward investment in that business,

It also said it continued to see good market conditions across all its businesses.

$1 = 0.7621 pounds Reporting by Radhika Rukmangadhan in Bengaluru; editing by John Stonestreet

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