The Budget is set to include £1bn for social and affordable housing, increasing total funding for a 10-year housing programme to more than £40bn.
The planned allocation will support the programme’s existing funding commitments, although the available information does not provide further details about how the new money will be distributed or which projects will benefit.
The announcement places social and affordable housing among the areas receiving funding through the Budget. No additional details have been provided on the timetable for spending, the organisations responsible for delivering the programme or the number of homes expected to result.
The latest position is that the £1bn allocation is due to be included in the Budget. Once announced, further information may clarify how the investment will be used over the remainder of the 10-year programme.
