Scotland’s First Minister Nicola Sturgeon visited Leven on Monday to announce new investment in the Help to Buy scheme.
The £30 million Help to Buy (Scotland) Small Developers scheme will not only help those who want to buy their own home, but will support the housebuilding industry, in particular smaller developers.
Ms Sturgeon visited the new Campion Homes development in Rosemount Grove in Leven to annouce the plans, and told the Mail that the scheme would be beneficial to an area such as Levenmouth which has high deprivation.
“The benefit of this additional funding is two fold - it will help people who are in need of housing to access (it), but secondly, and more importantly, particularly in areas of deprivation, it will help small businesses that are working to create and protect jobs.
This money is ringfenced for the smaller house builders - that’s important in areas like this as it’s often smaller businesses who are providing the local employment, so I think the dual benefit of this money will be of significance in areas like Leven.”
Under Help to Buy, the Scottish Government takes an equity stake of between 10 and 20 per cent of the valye of the property which can be repaid at any time. In the last 15 months, 4100 homes have already been bought through the scheme and it is thought that this new funding will help a further 750 homebuyers across Scotland. For more, go to www.scotland.gov.uk/htb