The construction industry has faced an 'extremely challenging set of circumstances.'
The impact of Brexit, the Covid-19 pandemic and Russia's invasion of Ukraine have all been blamed for Glasgow missing its affordable housing targets last year.
Glasgow's goal had been 1443 completions, but only 879 homes were finished while site starts and approvals were also below the targeted amount. Over the year, 531 homes were approved, against a target of 756, and work began on 795, despite the aim for 1098 site starts.
Glasgow City Council has been responsible for affordable housing funding, on behalf of the Scottish Government, since 2003, with almost £1.5bn allocated in that time and 19,121 homes developed. The city’s £120m budget for 2021/22 was made up of £64m from the local government settlement and £56m from the Scottish Government’s affordable housing supply programme.
They reported the average cost of works has increased from £1,437.93 per m2 in 2019/20 to £1,945.93 per m2 — an increase of 27.23%. Sign up to Glasgow Live's newsletter Get all the latest Glasgow news and headlines sent straight to your inbox twice a day by signing up to our free newsletter.The morning newsletter arrives every day before 9am and the evening newsletter, manually curated by the team, is sent between 4pm and 5pm, giving you a round up of the most important stories we've covered that day.
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