BARRATT Developments Scotland has announced an extension of its initiative to help NHS workers afford a new home by helping to pay their deposits.
To help mark the 75th anniversary of the NHS, the housebuilder confirmed it is extending its existing Key Worker Deposit Contribution scheme for another six months to help NHS and front-line workers afford a new home.
On top of extending the deposit scheme, Barratt is also donating £75,000 to celebrate the 75th anniversary. The three charities each receiving £25,000 are: NHS Charities Together, The Great Ormond Street Hospital for Children and the Florence Nightingale Foundation.
The deposit scheme will now be available on reservations up until 15 December. The scheme means NHS workers can be offered £1,000 as a deposit contribution for every £20,000 of a home’s purchase price. So for example, for a home costing £325,000, NHS workers would qualify for a contribution of £16,250. There is also funding towards flooring, worth up to a further 1% of the value of the home.
The scheme originally launched in October 2022. Barratt has so far helped around 2,000 NHS workers. Taken together, the total savings from it for NHS workers is over £23 million.
The deposit scheme will also support workers in education, the police, postal service, fire service, MOD, environmental service, Transport Scotland, probation service, prison service and local authorities.
Douglas McLeod, regional MD at Barratt Developments Scotland, said, “Our Key Worker Deposit Contribution Scheme has helped 2,000 NHS workers to be able to afford their new home, so what better way to mark the 75th anniversary of the NHS by extending the scheme for another six months. The NHS treats over a million people a day and touches all our lives, so we want to say a big thank you to all of our essential frontline workers through this deposit scheme extension and by donating £75,000 in total to NHS Charities Together, The Great Ormond Street Hospital and the Florence Nightingale Foundation.”