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13/12/2011

Millions Invested In New Homes

Capital investment in housing is essential to the social and economic well being of the country in challenging economic times, Housing Minister Keith Brown said today.

The Minister visited three developments, backed by £34 million from the Scottish Government that are delivering hundreds of new affordable homes and helping support jobs in the construction industry and wider economy.

The developments are:

* River Clyde Homes, Greenock - Over £11 million to build 141 new affordable homes in Greenock.

* Cordale Housing Association, Renton, - Almost £15 million to build 129 new affordable homes on the former industrial site at Dalquhurn Estate, West Dunbartonshire.

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* Almond Housing Association, Livingston - £8 million to build 109 new affordable homes over three separate sites.

Keith Brown said: "Today, I have seen compelling evidence of how investing in our infrastructure can make a real and vital contribution to economic growth.

"In Greenock, Renton and Livingston Scottish Government investment is creating hundreds of new affordable homes for families and bringing significant economic benefits to those areas.

"Across Scotland, we have made a commitment to deliver 6,000 new affordable homes each year. This will be done through a range of measures including the Innovation and Investment Fund, backed by a total funding package of £460 million.

"In the face of Westminster cuts we will also boost housing supply by using innovative financing methods, driving maximum value for every single pound of taxpayers' money."

(GK)

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