Following extensive discussion with Homes for Scotland (HFS), the Scottish Government has announced an emergency loan fund to provide SME home builders with short-term loans of up to £1 million to support them through the coronavirus crisis.  

This will help:

• safeguard jobs and protect suppliers
• support post-COVID-19 economic recovery and the continued supply of homes
• retain diversity of the housebuilding sector

HFS Chief Executive Nicola Barclay said:

“This welcome short-term intervention will offer a lifeline for many smaller home builders who play a major role in their local areas in terms of meeting more rural housing need, investment, employment and sustainability.

“Of course, their longer-term survival depends on a safe phased return to work and we continue our close engagement with the Scottish Government on how this can be achieved as soon as possible.”

Click here to read the Scottish Government announcement and here for more details on the scheme.