Developers have been invited to participate in a scheme that will see the purchase of newly-built houses by local authorities with loans underwritten by the Scottish Government, under the National Housing Trust (NHT).
Spearheaded by the Scottish Government and Scottish Futures Trust, the funding initiative is expected to generate £130m and provide 1,000 new homes for rent across Scotland.
The NHT procurement will appear on the Official Journal of the European Union website, and housing developers are being asked to respond to the advert by October 25, 2010.
The NHT is designed to create or safeguard around 1,000 jobs in the construction sector.
The NHT initiative will enable new build homes to be acquired from developers in a joint partnership scheme between the local authority, developers, the Scottish Futures Trust and the Scottish Government.
The 12 local authorities that have signed the NHT participation agreement are Aberdeen City Council, City of Edinburgh Council, Dumfries and Galloway Council, Dundee City Council, East Lothian Council, East Renfrewshire Council, Falkirk Council, Glasgow City Council, The Highland Council, Midlothian Council, Scottish Borders Council and Stirling Council.
Housing and Communities Minister Alex Neil said: "Building more affordable homes across Scotland presents a formidable challenge in a climate of increasing financial constraint."
"The scheme has been designed to ensure that homes delivered through the National Housing Trust are affordable and offer good value for taxpayers' money."
Further information:
Scottish Government
The technology secretary had announced a new blueprint for AI regulation in a bid to improve public services.
The government has announced a tech boost of £20 million each for Greater Manchester, West Midlands and Glasgow City Region.
Welsh government funding for fuel vouchers is helping to keep families warm across the country.
In the last six months, more than 131,000 potholes across 266 miles of road in Wales have been fixed or prevented.
The government has announced an £80 million package for support to help get people back into work.
Grantex is the UK’s leading supplier of specialist aggregates and producer of Premium Dried Sports Sand for High-Performance Synthetic Pitches.
Creating and maintaining an outstanding synthetic pitch starts with the right foundation. Grantex premium dried silica sand is engineered to deliver exceptional performance, durability and safety across a range of synthetic sports surfaces.
Join us for the landmark 10th Anniversary of the London Build Expo, the UK’s largest and most influential construction and design show.
Retail Supply Chain & Logistics Expo returns to Excel London across 12-13 November, once again bringing together the world of logistics, supply chain, eCommerce and retail innovation for two dynamic days of opportunity.
Every sport, from grassroots football to world-class tournaments, depends on one constant: high-quality playing surfaces and well-maintained green spaces.
Bauder marked a major milestone in its UK expansion with the official handover of a brand
At Words of World, we specialise in professional translation and interpreting, d
The British Institute of Cleaning Science (BICSc) and the Cleaning & Support Services Association (CSSA) have successfully completed a groundbreaking project aimed at exploring the future of cleaning. This collaboration marks a significant milestone in the cleaning industry, reflecting a shared commitment to embracing innovation with confidence.
The Crown Commercial Service’s (CCS) new framework on Language Services (RM6302), dealing with translation, transcription and interpreting, is live, running from 7th May 2025 to 6th May 2028.
