Scottish Budget: £840m affordable home investment announced

“Ensuring everyone has access to a safe and affordable place to call home is at the heart of our ambitions.”

Scottish flag flying with blue sky in the background

More than £840m has been announced to support the delivery of affordable homes across Scotland.

As reported by 24housing last week, the Draft budget outlined the spend, as well as measures to tackle energy efficiency and poverty.

The Affordable Housing Supply fund, which is a £17m increase on the fund in the 19/20 budget, will help meet the Scottish Government’s commitment to deliver 50,000 affordable homes over the course of parliament.

However, serious concerns were raised about the “lack of financial certainty” for the housing sector beyond March 2021.

SFHA Chief Executive, Sally Thomas said that not only is post-2021 investment vital in order to keep building the homes that the people of Scotland need – it will also help meet key priorities such as ending homelessness.

“If the Scottish Government does not commit to continuing the Affordable Housing Supply Programme, local authorities and housing associations simply cannot build the homes we know we need and we risk losing the progress we’ve made to date”, said Callum Chomczuk, National Director of CIH Scotland.

However, Communities Secretary Aileen Campbell has said that the increase in funding is at the heart of ambitions for a Fairer Scotland and 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”, Campbell said.

“Since 2007 we have delivered more than 89,000 affordable homes, including 61,356 for social rent, with the remainder for affordable home ownership 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, ensuring councils, housing associations and the construction sector have some financial certainty ahead of the spending review in June”, she added.

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