Spending Review – affordable housing – what are the priorities….
13th June 2025
The £39 billion Affordable Homes Programme outlined in the Spending Review 2025 link is the largest investment in social and affordable housing in a generation. While the full breakdown is not detailed in a single table, the document highlights several key allocations and priorities within this funding:
Breakdown Highlights:
- New Affordable Homes Construction:
- The programme aims to build 1.5 million new homes over 10 years.
- A significant portion of the funding is directed toward social rent and affordable rent homes, particularly in high-demand urban areas.
- Regeneration and Renewal:
- Part of the funding supports the regeneration of existing housing estates, improving quality and energy efficiency.
- This includes retrofitting older homes to meet modern energy standards.
- First Homes Scheme:
- A share of the investment supports the First Homes initiative, offering discounted homes to first-time buyers, especially key workers and local residents.
- Supported and Specialist Housing:
- Funding is allocated for supported housing for vulnerable groups, including older people, those with disabilities, and people experiencing homelessness.
- Devolved and Local Authority Delivery:
- Local and devolved governments will receive ring-fenced allocations to deliver housing based on regional needs.
- This includes flexibility to tailor housing types and tenures to local demand.
- Infrastructure Support:
- Some of the funding is earmarked for infrastructure needed to unlock housing development, such as roads, schools, and utilities.
The full details of the Spending Review 2025 can be viewed below:
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