SFHA welcomes Scottish Government’s clarification regarding IIP funding

SFHA has received clarification from the Scottish Government regarding the detail of funding announced in its Draft Infrastructure Investment Plan (IIP) 2021–26.

Following discussions, government officials have clarified that the IIP’s £2.8 billion in capital funding ­– a planned increase of 16% on the current £2.4 billon capital funding – allocated to the delivery of affordable housing is anticipated to be increased through Financial Transactions (FTs) and Transfer of Management of Development Funding (TMDF). Further details will be set out by the Scottish Government in due course.

Sally Thomas, SFHA Chief Executive, said: “SFHA welcomes this clarification from the Scottish Government regarding the funding for affordable housing, announced in the Draft Infrastructure Investment Plan, and we look forward to seeing the full details.

“We also look forward to continuing discussions on the next affordable housing supply programme, including grant rates and quality standards.

“Scotland needs 53,000 affordable homes, including 37,100 social homes, to be delivered between 2021 and 2026, and this remains a key priority for SFHA and our members and will be reflected in our full consultation response to the Draft Infrastructure Investment Plan.

“The coronavirus pandemic has highlighted the importance of good quality, warm, safe affordable homes. Together with our members, we will work with the Scottish Government to ensure we can deliver the homes Scotland needs for the remainder of this programme as well as the next.”