MSP helps to launch new in­vest­ment project

Evening Express (City Final) - - UK & Abroad -

MSP Kevin Ste­wart. AN MSP has an­nounced the launch of a new in­vest­ment scheme which helps peo­ple in pri­vate rented hous­ing. Kevin Ste­wart, who is also the Scot­tish Gov­ern­ment Hous­ing Min­is­ter, an­nounced the launch of the Rental In­come Guar­an­tee Scheme (RIGS) yes­ter­day.

De­vel­oped in con­sul­ta­tion with the sec­tor, the scheme will re­duce some of the risk that in­vestors see in the emerg­ing build-to-rent mar­ket. Mr Ste­wart said: “RIGS is a unique scheme, which will boost this emerg­ing sec­tor.

“As the first of its kind in the UK, the Scot­tish Gov­ern­ment is clearly demon­strat­ing our com­mit­ment to the pri­vate hous­ing sec­tor.

“This scheme will help de­liver new, high qual­ity pri­vate rented homes for ten­ants, which are mod­ern, en­ergy ef­fi­cient and pro­fes­sion­ally man­aged.

“And it does so in a way that pro­vides as­sur­ances for in­vestors, while en­sur­ing good com­mer­cial prac­tice and the in­cen­tive for in­vestors to let these homes.”

New scheme:

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.