£24 million to unlock land for homes in Wales

The Welsh Government has made available £24 million in loan funding to unlock land for housing development, and deliver more than 600 new homes across Wales.

The land will be acquired for both social and market housing developments.

When construction funding is secured, the loan is repaid and reinvested into new projects, creating a sustainable cycle of housing development.

Previously, Wales & West Housing received £3 million in loan funding towards the acquisition of land in Grangetown, Cardiff. This was followed by £10 million in grant funding to develop 100 homes for affordable social rent.

The Cabinet Secretary for Housing and Local Government, Jayne Bryant said: "I'm incredibly proud of how our Land for Housing scheme is making a real difference to people's lives across Wales.

"When we invest in schemes like this, we're not simply buying land – we're investing in brighter futures for hundreds of people.

"I was so pleased to meet the residents at Ffordd yr Haearn and see firsthand how this funding has created not just houses, but genuine communities where people can put down roots.

"The scheme has also been instrumental in helping to build a strong pipeline of land sites, many of which contribute to our ambitious goal of 20,000 new low carbon social homes during this Senedd term."