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SFHA calls on Scottish National Investment Bank to focus on long-term priorities

Calls for long-term funding to invest in affordable housing, reduce fuel poverty and deliver low carbon energy.

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The SFHA has called for the proposed Scottish National Investment Bank to provide long-term funding to invest in affordable housing, reduce fuel poverty and deliver low carbon energy.

The SFHA made the call as it responded to a consultation on what a Scottish National Investment Bank’s priorities should be. Sarah Boyack, SFHA’s Head of Public Affairs, said:

“We are calling for the investment bank to focus on long-term priorities that will fulfil the Scottish Government’s duty to reduce social and economic inequality. We have identified three priorities for the bank to invest in.

“Scotland faces a housing crisis, and we are calling for the bank to invest in the provision of affordable land and in infrastructure to support a long-term supply of housing to solve the crisis. We would like to see investment in home energy efficiency to address the chronic problem of fuel poverty and fulfil the Scottish Government’s commitment to make energy efficiency a national infrastructure priority. Lastly, investing to support the transition to low carbon heat and energy required to meet Scotland’s climate change targets – bank support and long-term funding – could deliver the infrastructure to deliver affordable low carbon and renewable energy

“Our members are the principle providers of new affordable housing and have a strong track record on energy efficiency and renewables, with the most energy efficient housing in Scotland. We look forward to continuing to work with the Scottish Government to deliver housing to meet need, reduce fuel poverty and support the transition to a low carbon economy.”        

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