On Tuesday, the Scottish government announced plans to boost house building by £1.75bn. The funding will arrive in three stages – with £532m being shared among local authorities in 2018-19, £591m in 2019-20, and £630m in 2020-21.
The announcement of these long term plans is intended to help local authorities and house builders plan their investment for the future.
Recent figures show that Scotland’s affordable house building sector is already experiencing its highest levels of activity since the early 1980s. The announced funding is part of the government’s plan to deliver 50,000 new affordable homes in Scotland before 2021.
Speaking regarding the government’s ambitious targets, Housing Minister Kevin Stewart said that the announcement would “provide the certainty that local authorities and the sector need to accelerate this progress and ensure we keep up this momentum to reach our goal.”
(image credit: Oast House Archive)