£40m Scottish housing fund announced

Tuesday March 5th, 2013

Nicola SturgeonScottish councils will receive a share of £40m to help families into hundreds of new social homes, Deputy First Minister, Nicola Sturgeon, has confirmed.

The total funding package is expected to deliver around 1,000 homes, mainly for social rent, and support up to 700 jobs in construction and related sectors, over the next two years. It brings the Scottish Government’s budget for housing supply to almost £860m over three years.

Local authorities will allocate £40m to meet the housing needs in their areas.

Ms Sturgeon said the funding will deliver up to 1,000 affordable homes that meet people’s needs.

The housing is part of the government drive to provide 5,000 council homes, as part of wider plans to deliver more than 30,000 affordable homes during this Parliamentary term.

Procurex Live

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