Responding to today’s Scottish Government announcement of a new economic stimulus package which plans to accelerate capital spending on infrastructure projects in the wake of the EU referendum, industry body Homes for Scotland highlighted the importance of channelling such funding into the delivery of more desperately needed homes, in a move which would boost jobs and the economy.

Chief Executive Nicola Barclay (right) said:

“This £100 million funding boost is welcomed as a means to support and stimulate the economy in what are uncertain times for many industries, including the home building sector.

“With projects being assessed for accelerated funding based on key criteria such as the number of jobs that will be supported or created and the likely impact on the supply chain, those focused on the delivery of more new homes should be prioritised given the significant social and economic benefits this offers.

“Every new home built in Scotland supports four jobs and helps boost economic growth through the supply chain.  The industry also contributes to improving health and education outcomes and fighting fuel poverty.

“We would therefore urge the Scottish Government to prioritise housing when considering how these funds will be allocated in order to secure the thriving economic future we all want to see.”