After First Minister Nicola Sturgeon set out the Scottish Government’s Programme for Government to MSPs at Holyrood yesterday, Scottish Construction Now highlights the details and responses of interest to construction and the wider sector.
Over this Parliament, almost £20bn will be invested in a major infrastructure programme designed to help build Scotland’s future.
The Scottish Futures Trust will also continue to review existing Private Finance Initiative (PFI) or Public Private Partnership (PPP) contracts, seeking opportunities to improve value and reduce the cost to the public purse, including ending contracts where possible and appropriate.
An investment of more than £3bn for affordable housing supply over the life of the Parliament, delivering at least 50,000 homes with 35,000 of them for social rent.
The Scottish Government will work in partnership with local authorities to invest more than £572m in affordable housing in this financial year.
Local authorities have been allocated a share of £406m grant subsidy to deliver more affordable homes for 2016-17, over £100m more than the previous year.
The Scottish Government will also continue to help people buy an affordable home through shared equity programmes.
News Source: Scottish Construction Now