Construction News

10/02/2015

Extra £5.8m To Be Invested In Social Homes For Wales

A further £5.8 million is to be invested towards social housing in Wales.

The funding will support the Social Housing Grant Programme and will support the delivery of 70-90 new affordable homes.

Finance Minister Jane Hutt said: "Investing in housing is a key part of our Wales Infrastructure Investment Plan and I am delighted to be able to announce an additional £5.8 million for social housing. This new investment will not only bring forward the delivery of 70 to 90 affordable homes, making a real difference to the lives of people across Wales but will act as an economic stimulus supporting growth and jobs.

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"This will add to the £5 million I announced in the autumn to support Home Improvement Loans meaning that despite the significant financial constraints placed on our budgets we will have invested an additional £10.8 million in Housing from reserves in 2014-15."

(CD/MH)

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