First Minister John Swinney has called for “collective action and direct intervention” to increase the number of affordable homes in Scotland, warning that reform is needed to ensure future generations can access housing within their means.
Speaking ahead of a discussion on the issue, Mr Swinney noted that more than 141,000 affordable homes have been delivered since 2007, including 101,000 for social rent. However, he said a further 36,000 homes are required over the next four years at a cost of up to £4.9 billion.
The Scottish Government’s Affordable Housing Supply Programme has received £926 million in this year’s Budget, the largest allocation for the scheme since 1989. Mr Swinney stressed the need to maximise value from this investment by adopting a fit-for-purpose public sector delivery model.
“Collective action and direct intervention is required if we are to ramp up efficiencies and build on our strong track record in affordable housing,” the First Minister said. He added that greater focus on raising private finance and accelerating development across all tenures is essential.
To attract more commercial investment, Mr Swinney confirmed the government will work in partnership with the Scottish National Investment Bank. He described housing as a key driver for lifting children out of poverty and growing the economy, urging all stakeholders to work together to deliver the homes Scotland urgently needs.
