Chancellor announces £3bn in guarantees for SME housebuilders

2024-10-30T16:05:00

Chancellor confirms £5bn of housebuilding investment next year

Rachel Reeves has confirmed the government will invest £5bn in housing next year as she announced measures intended to boost delivery towards the government’s target of 1.5m new homes over five years.

The chancellor, in a budget where she pledged to “invest, invest, invest” confirmed the government will increase the Affordable Homes Programme’s budget by £500m next year to £3.1bn.

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