Spring Statement: Housing to remain a priority

In politically uncertain times, Stonewater welcomes the continued focus on tackling the UK’s housing crisis in today’s Spring Statement.

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The Chancellor’s announcement of a new £3bn Affordable Homes Guarantee scheme from next month will support the delivery of around 30,000 affordable homes.

Mr Hammond also made a commitment to spending some £717m from the Housing Infrastructure Fund to unlock up to 37,000 new homes on sites in West London, Cheshire, Didcot, and Cambridge.
As one of the UK’s leading social housing providers, Stonewater has a significant development programme to build 1,000 new homes per year from 2019 onwards, driven by our vision of everyone having the opportunity to have a place they can call home.

Stonewater’s CEO, Nick Harris, said: “Continued investment in building affordable housing is proven as a quick way to effectively support the UK economy over the long term, building much needed homes, as well as safeguarding and creating jobs.

“We are also pleased to see an announcement to help developers future-proof new build homes to provide low carbon heating and meet high standards of energy efficiency. Both are essential to help customers who rent or buy an affordable home from us to manage their finances, whilst also protecting the environment.”

Nick Harris, Stonewater’s CEO