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Innovative finance

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Our innovative Housing Finance Grant scheme has funded the building of over 1,000 affordable homes throughout Wales using an alternative form of finance.

We are exploring and developing innovative finance models.

With continued budget reductions and a fragile economy, it is important that as a government we look to alternative methods of achieving our targets for housing supply and standards. We are primarily focusing on developing and implementing new schemes and funding streams which will stimulate and improve conditions in the housing market.

Our biggest success to date has been the launch of the Housing Finance Grant and the associated collective borrowing product. A second phase of this programme is underway. This work plays an important role in contributing to our Programme for Government commitment of building 20,000 new - private and affordable homes.

For further information contact: InnovativeFinance@gov.wales