FOUR housing projects are getting shares of £1.8m from a loan fund designed to kick-start stalled construction sites.
The latest pay-out will see a total of 270 new homes built in Newtongrange, Edinburgh and Irvine under the second tranche from the £10m loans fund that was announced by the Scottish Government announced in September 2011 and which is expected to support more than 1,000 new homes.
Building firms are encouraged to apply for repayable loans when they are unable to secure private sector finance for infrastructure such as the roads, sewers and utilities that can get sites back into action.
Announcing the details, deputy first minister Nicola Sturgeon said: “The criterion for the second round of funding was revised to untie red tape so that more companies could come forward with their infrastructure proposals.
“As a result, the latest successful applications will lead to diggers rolling back in on sites across Scotland.”
