Facade of apartment building

Scotland boosting funds for affordable housing

The Scottish Government has announced that it is boosting investment in housing, to increase the number of affordable homes in the country.

Funding worth £105 million is being injected through the Charitable Bond Scheme, helping to provide social landlords with loans. The interest is then reinvested through grants for the social rented sector, increasing the supply of affordable housing further.

Originally, the Scottish Government had committed to providing up to £80 million worth of funding in this financial year, however today’s announcement is showing a funding increase of £25 million. This injection is also working on top of the investment of £260 million that has been delivered through the Charitable Bond programme since its inception in 2014.

Shona Robison, Housing Secretary, said:

“I’m pleased to be increasing our investment in the innovative Charitable Bond programme, providing funding to social landlords so they can deliver affordable homes to benefit the people in their communities.

“We want everyone to have a warm, safe affordable home that meets their needs, and by committing additional funding to the Charitable Bond programme, we are taking yet another step towards our target of delivering 110,000 affordable homes by 2032.”

One of the organisations to benefit will be Kingdom Housing Association, with the scheme helping them to secure a loan that enabled them to deliver over 3300 homes for mid-market and social rent. Kingdom Housing Association’s Executive Director, Ken Tudhope, said:

“The Charitable Bond programme has been really valuable for Kingdom Housing Association. The simple nature of the loans provides us with a unique source of unsecured funding that gives flexibility to our business and supports our development plans.

“This will be the fourth loan we’ve taken through the programme and we plan to utilise the funds across 334 individual construction projects as part of our programme to deliver over 2,000 much needed affordable homes in the next five years.”

Public Sector Executive, Feb/March, Cover

PSE Feb/March, 23

Greater choice, greater results

Our February/March 2023 edition of PSE brings you expert comment and analysis on a range of key public sector topics, from EV infrastructure to Digital transformation and reducing carbon emissions. Learn how the UK Government is investing in highway and freight innovation or read Cllr Matthew Hicks discuss the first step towards an exciting future for Suffolk, alongside so much more…

Videos...

View all videos
#PSE365: Public Sector Decarbonisation

Be A Part Of It!

PSE365: Public Sector Decarbonisation Virtual Event | 21 Mar 2023

PSE has created a full calendar of events to address the most important issues that influence the delivery of public sector services. 

Over 365 days you’ll have the opportunity to hear from a range of highly motivating, informative and inspirational speakers. These speakers will equip you with knowledge and unique insight to enable you to overcome the challenges that you face.

Industry Survey

What are the biggest issues facing the Public Sector?

 Public Sector Executive is undergoing some in-depth research around the issues the Public Sector is facing and the importance of deploying and using new technology within Public Sector organisations. 

We are asking for your help to better understand how public sector organisations are utilising technology to support their digital strategy and your opinion on what the biggest issues facing the public sector are.

This survey only takes a couple of minutes to complete and to thank you for your time and for filling out our survey, we'll enter you into a prize draw to win a £50 Amazon voucher.

In order to assist public sector organisations with improving their existing technology estate, we hope to leverage our findings to share best practises and innovations across the public sector.

More articles...

View all