UK Social Housing receives major investment boost

Social Housing in the United Kingdom has receive a major boost this week thanks to £1b worth of backing from the European Investment Bank (EIB), writes property developer Richard Carr.

Partnership

Richard Carr discusses social housing

Boost for social housing in the UK

The EIB has teamed up with the Housing Finance Corporation (THFC) to provide £1b worth of investment which will help to alleviate shortages in affordable housing and accelerate construction of new build social housing.

The scale and size of the investment highlights the country’s social housing problem; the £1b injection represents the largest ever support for social housing by the EIB anywhere in Europe.

The 30 year long-term loan will be matched by THFC and guaranteed by the government meaning that £2b of overall investment will be available for new social housing and urban regeneration schemes by housing associations across the country.

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