10 Feb 2022
What is ‘Affordable Homes Funding’?
The Scottish Government has set aside more than £3.2 billion in grant funding over five years to be shared by council areas across Scotland to help them build affordable housing.
- The investment marks the first stage of the Scottish Government’s ‘Housing to 2040’ pledge, announced in March 2021.
- The £3.2 billion equates to an increase of more than £541 million on the previous five years, an increase of 20 per cent.
- The funding is allocated to councils via the Government’s Affordable Housing Supply Programme.
- It will help towards the Scottish Government’s aim to deliver 100,000 affordable homes by 2032, with at least 70% of these for social rent.
- Councils can partner with registered social landlords as part of the programme.
- Glasgow City Council has so far received the highest allocation (£537.9m), followed by Highland Council (£240.1m), City of Edinburgh Council (£233.8m) and Fife Council (£179.3m).