Councils could generate up to £320bn for the wider economy in England and Wales over the next 50 years if they are given the investment in the Budget today for a “new generation” of social housing.
This would be as a result of construction revenues for council house building largely remaining in the domestic economy, the Local Government Association has estimated.
The LGA said it wants to see 100,000 high-quality social homes built every year now the HRA borrowing cap is to be lifted. It called on the chancellor to “deliver a once-in-a-lifetime change” in Budget today and invest in council housing.
Epwin Group (LON:EPWN) is a leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement, new build and social housing sectors.
