icScotland - Builders to get public-funded loans
icScotland logo
icScotland News Sport icHomes
Search icScotland for:
Scottish News

Builders to get public-funded loans

 

Housing construction projects are being revived through a share of a £1.8 million loan fund.

The money, for firms unable to secure private finance for associated infrastructure such as roads and sewers, will help build 207 homes in Edinburgh, Midlothian and North Ayrshire.

Deputy First Minister Nicola Sturgeon announced the latest round which is part of a wider £10 million expected to support more than 1,000 new homes.

"The criterion for the second round of funding was revised to untie red tape so that more companies could come forward with their infrastructure proposals," she said.

"As a result, the latest successful applications will lead to diggers rolling back in on sites across Scotland."

The announcement comes one day before Ms Sturgeon is expected to publish an updated infrastructure investment plan. It will set out the Scottish Government's plans up to 2030.

Four schemes were given access to the loan fund. They include two developments totalling 164 homes in Edinburgh, a 76-unit development in Newtongrange, Midlothian and 26 properties in Irvine, North Ayrshire.

 
Official Line-up for T in the Park
Police hunt for missing Cabaret Voltaire boss Martin Gordon
WEATHER WARNING SUGGESTS FLOODING COULD HIT SCOTLAND
Hey Mario, Wii broke the TV!
Top Top

Back Back

E-mail this article to a friend

Printable VersionPrintable version

 

 


Copyright and Trade Mark Notice
© owned by or licensed to Scottish & Universal Newspapers Limited 2013.
icScotland™ is a trade mark of Scottish & Universal Newspapers Limited.
Please read our Terms and Conditions and Privacy Statement before using this site.

 
Advertisements
 
Jobs in Scotland:




 
 Quick Links
  • What's On
  • TV Listings
  • Horoscopes
  • Joke of the Day