Scotland spends on building

Published:  08 February, 2013

The Scottish Parliament has passed plans to spend £3.4bn on capital investment in the 2013/14 financial year.

The Scottish Government is planning extra funding for colleges, road maintenance and housing despite a Westminster cut of 26% to its capital budget.

New announcements include an additional £38m for the housing budget bringing the total housing supply funding to £859m and £2m to bring vacant town centre properties into residential use.

Finance Secretary John Swinney said: "This year we will invest £3.4bn in capital projects in the face of drastic budget cuts from the UK government.

"Through immediate infrastructure investment we are providing a boost to Scotland's construction sector and wider economy and we are also maintaining the most supportive business environment in the UK."

Deputy First Minister Nicola Sturgeon said: "Investing in affordable homes supports Scotland's economy, promotes growth and maintains jobs in our construction industry."

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