Attracting more investment for housing

Proposals to build investor confidence in the housing market have been published by an independent group of experts.

The Housing Investment Taskforce report makes a number of recommendations to increase investment across the social, affordable and private housing sectors including:

• Attracting other funds, in addition to public money, for affordable housing.
• Creating conditions to support more shared home ownership
• Supporting a more entrepreneurial approach from public bodies.

Welcoming the taskforce report Housing Minister Paul McLennan said:

“It is my ambition, shared by the members of the Housing Investment Taskforce, to make Scotland the best place for housing investment. The report has identified a range of actions to support more investment across all tenures of the housing system to meet Scotland’s growth potential.

“We’re taking forward these recommendations in the Programme for Government and will work in partnership with taskforce members and other organisations to grow investor confidence to support the delivery of more homes across Scotland.”

Moda Group Planning Director James Blakey said:

“Addressing the housing emergency needs bold, imaginative and concrete actions, and we are proud to have collaborated with the Housing Minister and the taskforce over the last year to shape these. Working in partnership to create market certainty and viability is key to attracting crucial investment into Scotland so we can build the new homes people want and need.”

Communications Director of Springfield Karen Campbell said:

“The taskforce’s report is clear on the value in building confidence, supporting new partnerships and creating the economic opportunity to unlock new and existing investment in Scotland. Working together we can now take those actions forward to deliver more homes across all tenures.”

HIT report

Ken Gibb report