Minister welcomes Competition and Markets Authority announcement
Date published:
Communities Minister Gordon Lyons has welcomed the Competition and Markets Authority’s (CMA) announcement that Northern Ireland is set to benefit from a social housing funding boost.
The CMA has announced that £100m will be split across the UK to directly support the delivery of social and affordable housing.
Minister Lyons said;
“I welcome the CMA’s announcement that the £100m payment will be distributed across the UK, and that we can use these funds to boost delivery of social housing here.
“Given the very challenging budget environment and the ambitious target for social housing delivery within the Executive’s Programme for Government, I am pleased to confirm that NI’s share of this money – expected to be around £3.4 million – will be used to deliver more social homes, as soon as possible and preferably within this financial year.
“Social Housing is a priority for me as Housing Minister and my Executive colleagues as outlined in the Programme for Government and the Housing Supply Strategy. We are doing everything possible to deliver more social and affordable housing. This additional funding will assist us to deliver more homes for households in need.”
The UK-wide payment of £100m is made up of contributions from seven GB-based housebuilders, who have offered a package of commitments which the CMA will now consult on until 24 July 2025.
Notes to editors:
- More information on CMA’s consultation can be found here.
- The Housing Supply Strategy can be found here
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