Building 3

Scotland Makes a £2 Billion Investment to Improve Energy Efficiency

The Scottish Government is going to invest more than £2 billion in a new energy efficiency scheme that will insulate thousands of new homes across Scotland and create new jobs for people in the trades. 

The new investment will be delivered over the next ten years in a national programme that will transform aging houses, reduce heating costs and improve energy efficiency in Scottish homes.

Commenting on the £2 billion programme, Cabinet Secretary for Infrastructure and Capital Investment, Alex Neil explained it is essential to put such measures in place in order to improve the energy efficiency of homes across Scotland. He also emphasised the importance of the project for the creation of new jobs and future economic recovery.

Mr Neil said: “These strategies provide a great opportunity for Scottish businesses and can provide a real boost to our economy. Working with the energy companies, we plan to ensure investment of over £2 billion pounds is provided over the next ten years to ensure our housing stock is energy efficient.

“New technologies, which would bring down carbon emissions as well as household fuel bills, are key to energy efficient homes and a vital element in economic recovery.

“The drive to transform new-build through innovative design and construction approaches creates economic and export opportunities for Scottish companies, along with an opportunity to make greater use of Scottish timber in innovative products.”

More Construction JOBS in South East England

One of the largest providers of affordable housing in the South of England, Sovereign Housing Association, has announced it will build more than 3, 000 new homes over the next four years, paving the way for jobs in the building construction industry.

The ambitious plan will see 1, 064 new homes built by the end of this financial year, 865 of which have been already identified, the housing association confirmed last week. Under Sovereign’s new development strategy at least 276 of the new homes will be for affordable home ownership, forecasting a similar number of homes to be completed in 2013/14.

Development and Commercial Director at Sovereign, Phil Stephens, said: “The top priorities of our development strategy are to ensure that we deliver the HCA Affordable Homes Programme and to play our part in achieving Sovereign’s aim of reaching 50,000 homes by 2015,”

“Our recent successful bond issue has given us the financial strength and flexibility to continue delivering a substantial programme of new homes in our core operating areas in the coming years.”- added Mr Stephens.

It was revealed that Sovereign’s development will include a significant number of shared ownership homes as well as a growing number of market rent properties in key locations.

Mr Stephens commented that there is a definite gap in the market rent properties due to the rising demand from people unable to buy their own homes.

He said: “We will be looking to build on the positive experiences we have had so far letting homes at market rates in the West Country, and not only develop a broader portfolio of properties, but also diversify our revenue streams to enable us to continue providing affordable homes into the future.”