Investment in repairs delivers greater economic return than housebuilding, says think tank

By Daniel Gayne2023-08-23T00:01:00

Source: Shutterstock

Report urges government to spend on homes that threaten health

A small fraction of the £1.9bn in housing funding handed back to the Treasury last month could deliver £10bn in economic benefits annually if spent on retrofit, according to a new study.

Research by think tank Demos and the Centre for Ageing Better claims that spending just £625m each year on improving safety, heating and accessibility would remove potentially fatal hazards in 520,000 homes each year.

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