Additional budget funding welcome with caution that investment must continue to increase with rising costs

The Scottish Federation of Housing Associations (SFHA) has welcomed the overall addition in funding for housing, in yesterday’s Scottish Budget, while noting that year-on-year increases will be required if the target of 110,000 new affordable homes by 2032 is to be delivered. SFHA added that the pressures now facing the social housing sector, including rising costs and supply chain issues, are affecting its ability to develop. 

Aaron Hill, SFHA Director of Policy and Membership, said:  “We are pleased that the Scottish Government has responded positively to our call to increase investment in both new and existing homes. However, with our members facing new long-term pressures, such as rising costs and supply chain issues, we will need to see increased investment year-on-year to respond to these issues.  

“Our concern is that, without investment that rises with increasing costs, our members will not be able to play their full part in helping the government to meet its target of delivering 110,000 affordable homes, and decarbonising their existing stock, by 2032. We are keen to work with our members and the Scottish Government to ensure we can deliver the homes Scotland desperately needs.”