Extra £15m pledged to Welsh housing
The Welsh Government has committed an extra £15 million to housing through its infrastructure investment plan.
Finance minister Jane Hutt outlined yesterday how £90 million of centrally retained capital funding would be spent on projects across Wales, including education, transport, health and housing.
The plan identifies large, nationally significant infrastructure plans – such as key transport enhancement schemes and next generation broadband - and encourages cross-sectoral collaboration.
Ms Hutt said: ‘Capital investment is vital in this serious economic downturn. It is vital to the economy – both in the short term, for the stimulus it provides, and in providing the long term conditions for growth. It is also key to the delivery of modern, high quality public services that people in Wales deserve and expect.
‘I am announcing almost £90 million of funding over the next two years which demonstrates our continued commitment to supporting the economic recovery in Wales; protecting and improving frontline services and protecting the vulnerable in society.’
She also promised to work with the housing sector to maximise borrowing opportunities.
The money will support work announced in the Welsh programme for government, which was released in September. It promised to find more land for homes and improve the private rented sector.