Cash injection for Scottish developments
The Scottish Government has announced how it plans to spend the first £9 million slice of its £100 million housing market rescue package.
A £4 million pot will help get building moving on six housing projects in Moray, Dumfries and Galloway, Argyll, the Borders and Fife. A further £5 million will be made available for housing associations to buy land in Highland, Midlothian, Argyll, Dumfries and Galloway and South Lanarkshire.
Jonathan Fair, chief executive of building umbrella body Homes for Scotland, said bringing forward these projects would help ‘inject some activity back into new home construction’, but described the announcement as ‘just a small first step’.
He added: ‘We need to see other projects which are currently in the system evaluated quickly and all remaining funding allocations massively accelerated to make any kind of difference to housing supply in Scotland.’
The government announced in August it was bringing forward up to £100 million to rescue the country’s ailing housing industry.