Scottish Housing Finance Gains Access to 50 Million Pound European Lending Facility From EIB

Scottish Housing Associations are to benefit from access to a £50 million European lending facility, the Scottish Government and the European Investment Bank announced today.

Housing and Communities Minister Alex Neil said gaining access to alternative sources of funding at competitive rates signalled a 'new dawn' in Scotland's ability to attract and access European investment.

The fund will offer housing associations an alternative private lending source helping to support new affordable private home developments and jobs in the house building sector.

The Minister met the Vice President of the European Investment Bank (EIB) in Brussels today to shake hands on the deal and scope out opportunities for making available European lending in other areas.

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