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Scottish government commits extra £300m for affordable homes after 2021
The Scottish government has announced it will commit £300m to support the delivery of affordable homes in 2021/22.
It was the first announcement of funding for affordable housing in Scotland beyond the current Affordable Housing Supply Programme, which is set to end in 2021.
Sector figures in Scotland have been campaigning for the government to release details of its post-2021 funding plans, arguing that housing associations need more certainty in order to keep building.
Scottish communities secretary Aileen Campbell said the £300m will ensure “councils, housing associations and the construction sector have some financial certainty ahead of the Spending Review in June”.
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The news follows the Scottish government’s draft Budget, which allocated £843m to the government’s Affordable Housing Supply Programme in 2020/21, a £16m increase on the previous year.
The Scottish government currently has a commitment to build 50,000 affordable homes by 2021, however there is yet to be an announcement on whether there will be a similar target in the next parliamentary term.
Ms Campbell said: “Ensuring everyone has access to a safe, warm and affordable place to call home is at the heart of our ambition for a fairer Scotland.
“The 2020/21 Scottish Budget adds to the single biggest investment and delivery of affordable housing since devolution.
“The Scottish government has now committed more than £3.5bn to deliver good-quality, secure and affordable homes, which will in turn help create strong, sustainable communities.
“Since 2007 we have delivered more than 89,000 affordable homes, including 61,356 for social rent, with the remainder for affordable homeownership and affordable rent.
“Importantly, our spending plans also include a £300m commitment to guarantee that affordable homes continue to be delivered beyond our 50,000 target.”
Inside Housing Development Summit 2020
Inside Housing is pleased to join forces with Homes England and the LGA to introduce the Inside Housing Development Summit.
Taking place on 27-28 April 2020, the summit will gather together local authorities, housing associations, developers, fund managers and advisors for a Chatham House style event focussed on making new connections and exploring new delivery models.
The summit will take place over 28 hours, starting with an afternoon plenary on 27 April, an exclusive development site study tour to Northstowe, England's largest new town since Milton Keynes, followed by a business dinner.
The second day will provide opportunities to network with a range of senior Homes England and LGA staff including Nick Walkley, chief executive of Homes England and Mark Lloyd, chief executive of LGA.
You’ll also meet with leaders from across the development ecosystem and take part in group discussions to help you connect and explore new opportunities. All accommodation and meals will be provided within the fee.
Places for each stakeholder group are limited to ensure a balanced mix of participants and to make sure you leave with the relationships and leads you need.
Click here to book your place or for more information
