The Scottish Executive will make £2m available to renovate nearly 700 homes on the Dumbiedykes estate, near the Scottish Parliament in Edinburgh.
The move follows last month’s announcement by Edinburgh council that stock transfer proposals for the estate were unworkable (HT 9 January, page 11).

The executive has agreed to extend Edinburgh council’s borrowing consent for 2003/04 by £2m, so long as the council uses the funds for estate improvements. The money will supplement £3m that Edinburgh council will use from its capital investment programme over the next three years to fund a programme of improvements to windows and security.

However, this falls well short of the £22m that would have been available after stock transfer. A spokesman for Edinburgh council said: “This will not provide all the money that was hoped for, and we will continue to raise the fact that more is needed with the executive.”

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Housing Today