MSP helps to launch new investment project
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.”