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Housing Investment Announced

The Scottish Government has announced a second tranche of funding for the Housebuilding Infrastructure Loans Fund, which offers help to housing builders, unable to attract private-sector finance, to support the provision of on-site physical infrastructure and other work genuinely required for house building projects and, thereby, accelerate house-building in the current economic climate.

The second round of the fund, amounting to £7 million, will see the scope widened and some criteria relaxed. The requirement for detailed planning permission being in place at the time of application, will no longer be a prerequisite for loan funding. The scope of the scheme has been extended from that covered in the first round, to include support for unblocking stalled sites and assisting more widely in supporting house building projects.

Full guidance on applying to the scheme can be found at http://www.scotland.gov.uk/Topics/Built-Environment/Housing/supply-demand/hilf/guidance

 

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