Funding available to private contractors to build for low cost home ownership
The Scottish Government’s Inverness Office makes some public subsidy available each year to enable private contractors to build houses for sale in targeted areas of the Highlands and Islands where the price of housing is usually too high for most local first-time home buyers. Where contractors take up this opportunity the resulting house prices might be reduced as much as 20% from the normal market price e.g. £40,000 for a house which otherwise would sell at £50,000.
The subsidy is known as GRO Grant and for further information contact the Area Investment Officer for Shetland at the Scottish Government:
The Scottish Government Main Office Tel Number: 0300 020 1200 |