INVERCLYDE Council is to get £29.6 million from the Scottish Government to boost affordable housing.
The cash will be allocated over the next three years from the government, who say the move is designed to help local authorities and housebuilders plan their investment and provide certainty on the amount of money available until 2021.
In 2018-19, £8.8 million will be allocated in grant funding to the council – rising to just over £10m in 2019-20 and £10.7m in 2020-21.
Housing minister, Kevin Stewart, says this will support the government’s ‘ambitious commitment’ of delivering 50,000 affordable homes by 2021.
He added: “We are ensuring Inverclyde has homes that are high-quality, efficient and affordable.
“It means local authorities can plan these new affordable homes now, with the certainty that the funding will increase year-on-year.
“This is also an important signal to the housebuilding sector in Scotland, and demonstrates our commitment to the industry and the estimated 14,000 jobs our affordable housing supply programme supports each year.”
No comment was available from Inverclyde Council.
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