Construction News

Wed August 05 2020

Related Information

Scotland gets £200m boost for housebuilding

18 Nov 14 The Scottish government is providing £200m in additional funding to stimulate the housing industry and safeguard construction jobs.

Housing minister Margaret Burgess will meet housing leaders today, when she will urge them to work with the Scottish government and each other to help shape a five-year joint delivery plan for housing in Scotland.

The increase in funding is expected to deliver thousands of new affordable homes. According to new Scottish Government calculations, the boost in next year’s housing supply budget is forecast to support at least 6,500 jobs and lever in significant private investment to deliver £600m  of total investment.

A breakdown of the £200m funding allocation will be announced in the coming weeks.

Burgess said: “We want to make sure that everyone in Scotland has access to good quality housing that meets their needs,” she said. “Providing social rented homes, safeguarding jobs, helping to finance infrastructure, and supporting the construction industry to build for both private and public markets is a top priority for the Scottish government.

Related Information

“We are taking action to increase the supply of affordable housing - in fact we have boosted housing supply budgets by investing £1.7 billion in affordable housing over the lifetime of this Parliament. Through our partners in councils and housing associations, we have now delivered more than 21,000 affordable homes and are two-thirds of the way towards our target of 30,000.”

She added that, despite challenging economic conditions and Scottish budgets being cut, the rate of housebuilding per head continues to outperform other parts of the UK.

“We have delivered over 4,000 new council houses since 2009 and are committed to preserving Scotland’s social housing stock by abolishing the Right to Buy, which will protect up to 15,500 social houses from sale and safeguard social housing for future generations,” she said.

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »