£1.75 billion boost for investment in affordable housing

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More than £1.75 billion is being allocated to councils in a major Scottish Government commitment to stimulate investment in affordable housing.

It comes as figures published today show the highest levels of activity in the affordable house-building sector in Scotland since the early 1980s.

For the first time, details have been confirmed of each local authority’s full funding allocation for affordable housing over the next three years.

The move is designed to help local authorities and house-builders plan their investment and provide certainty on the amount of funding available until 2021.

In 2018-19, £532 million will be shared amongst local authorities – rising to £591 million in 2019-20 and £630 million in 2020-21.

Announcing the funding, Housing Minister Kevin Stewart said this would support the government’s ambitious commitment of delivering 50,000 affordable homes by 2021.

He said: “We are ensuring Scotland has homes that are high-quality, efficient and affordable.