Written question WQ88923
- Asked by
- Paul DaviesConservative
- To be answered by
- Minister for Climate Change
- Tabled
- Due
- Answered
- Time to answer
- 12 days
Question
What is the total amount of funding that has been drawn down under the Self Build Wales scheme?
Answer
Answered by Minister for Climate Change
Self-Build Wales creates an affordable opportunity for people to build their own home that meets their needs by removing the barriers typically encountered such as finding a plot, planning and finance. A £40m investment has been provided to the Development Bank of Wales (DBW) to deliver the scheme on behalf of Welsh Government. The total net spend of the scheme to date is £1.85million. We are pleased that the first home through the scheme will be completed this year.
There is strong interest in the scheme and to support delivery we are continuing to work with Local Authorities, Registered Social Landlords and private landowners to identify and provide sites for the scheme. Also, in response to demand we are expanding the scheme to include self-builders who have identified land outside of the scheme and wish to build their own home but require a loan for the land purchase and build.