Meeting of the Parliament 01 October 2024
I mentioned the £22 million investment in the charitable bond programme to increase investment in affordable homes and to deliver more housing. That has enabled the Scottish Government to invest in two new bonds, thereby providing loan funding to Link Housing and to Cairn Housing Association to support the development of 159 new homes.
Since 2014, the Scottish Government has invested more than £482 million in 40 charitable bonds, which have generated almost £140 million in charitable donations. The new investment will generate a further £7 million in charitable donations, which will be used in addition to investment via the affordable housing supply programme.
Last year, we were able to use more than £71 million-worth of charitable bond donations to supplement our affordable housing supply programme budget, which will support delivery of more than 600 housing association and social rented homes.
I come back to the point that the way that we fund that is through financial transactions, and that budget was cut by 62 per cent. Labour has the chance to reverse that in its budget in three or four weeks. Let us hope that it does.