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£50M infrastructure fund for Scottish housing

money

The Scottish government has announced a new £50M infrastructure fund to unlock sites that could be used for housing.

The aim of the fund is to speed up the building and delivery of new homes. The money is for grants and loans for the public and private sector to tackle more development, financing, infrastructure and planning problems that are currently impeding housing supply.

Social justice secretary Alex Neil said: “Today’s announcement underlines this government’s determination to increase the pace and scale of development to deliver more homes across all tenures.

“The £50M infrastructure fund will help unblock sites that are strategically important to councils and that have the potential to accelerate the delivery of thousands of new homes across the country.”

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