SBC receive £1.272 million in housing funding

SCottish Borders Council HQ
SCottish Borders Council HQ

SCOTTISH Borders Council have welcomed an announcement that £40 million of Government

funding has been allocated to local authorities across the country to help families into social housing

The total funding package, of which SBC will receive £1.272

million, is expected to deliver around 1,000 homes, mainly for social rent, and support up to 700 jobs in construction and related sectors, over the next two years.

Announcing the funding, Deputy First Minister Nicola Sturgeon commented: “This

funding will help realise our ambition of 5,000 council homes as part of wider plans to deliver more than 30,000 affordable homes during this Parliamentary term.

“This funding illustrates that despite the 26% cut to our capital budget by Westminster, the Scottish Government is

determined to continue investing in new social housing.”

Reacting to the funding boost, a SBC spokesperson said: “The additional £1,272m allocated to the Scottish Borders will help the council and its partners

(registered social landlords) to develop much needed additional affordable housing sooner than had been originally expected.

“This additional funding brings the total government housing supply grant to £5,522m and together with the council’s contribution of £1.215m, brings a total grant subsidy of £6.737m for affordable homes over the next three years for the Scottish Borders.”