Scottish Government plans to invest ‘heavily’ to support housing supply

Shutterstock

THE Scottish Government has revealed that 10,462 affordable homes were delivered in Scotland in the 2022-23 financial year, with its affordable housing supply programme budget for 2023-24 set at £752 million.

Targeting delivering 110,000 affordable homes by 2032, the Scottish Government said it will hold a review this year that was scheduled for 2026-27 in order to support the goal. It also detailed aims to continue working alongside the financial community to increase investment into housing.

Housing minister Paul McLennan said, “Scotland has delivered more than 128,000 affordable homes since April 2007, over 70% of which were for social rent, in turn helping to create strong, sustainable communities.

“In the year 2022-2023, Scotland delivered by far the most affordable homes per head of the population of any country in the UK – 69 per cent higher than the rate in England, building on our track record of doing more than any other part of the UK to provide and keep social homes.

“There’s no doubt that inflation, supply chain issues, and labour shortages linked to Brexit have created a challenging environment which is reflected in today’s statistics. We will continue to work with local authorities, housing associations to increase the delivery of more affordable homes, the majority of which will be for social rent, including supporting acquisitions of existing properties. Despite UK Government cuts to the capital budget, the Scottish Government also continues to invest heavily to support housing supply.”