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Financial Transactions budget for 2015-2016 - Housing and Regeneration

Financial Transactions (FTs) is a method of funding which is allocated to the Scottish Government by HM Treasury. FTs can only be used to make loans or equity investments into the private sector, and must be repaid to HM Treasury in future years.

The table below shows how we intend to invest the £340 million budget for the financial year 2015-2016. This includes an additional £125 million allocated to housing in October 2014.

The innovative nature of many of the schemes supported by this funding is associated with relatively higher delivery risk and money may be reallocated as projects develop more quickly or slowly than anticipated.

Links to further information on the schemes which have been announced are shown underneath the table. This page will be updated as further announcements are made.

Housing - Financial Transactions (FTs) 2015-2016
Measure £m
Extra £125m
(Oct 2014)
Affordable housing    
Charitable Bonds (press release 1 below) 20.0 25.0
Rural Rent to Buy (press release 2 below) 0.0 3.0
Open Market Shared Equity (press release 3 below) 20.0 70.0
Town Centre Empty Homes Fund (press release 4 below) 0.0 2.0
*Affordable housing enabling fund - investment initiatives under development 28.0 28.4
Affordable housing total 68.0 128.4
Support to the construction sector - economic stimulus    
Help to Buy (press releases 5 and 6 below) 30.0 130.0
*Support for enabling new supply initiatives - investment initiatives under development 20.0 40.1
Support to the construction sector - economic stimulus total 50.0 170.1
Tackling fuel poverty (Warm Homes Fund) 7.0 22.0
Other 0.0 19.5
Financial Transactions total

* A pipeline of potential development routes is under discussion with partners.

More information on the Scottish Government's investment in affordable housing is available on the Affordable Housing Supply Programme webpage.


Press releases:
  1. Charitable Bonds - http://news.scotland.gov.uk/News/Hundreds-more-affordable-homes-planned-12de.aspx
  2. Rural Rent to Buy - http://news.scotland.gov.uk/News/-3-million-for-Highland-homes-12f2.aspx
  3. Open Market Shared Equity - http://news.scotland.gov.uk/News/-70-million-for-first-time-buyers-168b.aspx
  4. Town Centre Empty Homes Fund - http://news.scotland.gov.uk/News/-4-million-to-transform-empty-properties-1526.aspx
  5. Help to Buy  - http://news.scotland.gov.uk/News/Help-for-first-time-buyers-1154.aspx
  6. Help to Buy - http://news.scotland.gov.uk/News/Help-to-boost-small-housebuilders-145b.aspx


Page last updated 31/3/2015