An article published by English Rural today has demonstrated how investment in rural affordable housing can boost the rural economy. Research undertaken by English Rural alongside CPRE and the Rural Services Network has shown that post-pandemic, investing in rural affordable housing can help to rebuild the economy and tackle rural homelessness.
The report states that for every 10 new affordable homes that are built, the economy will be boosted by £1.4 million, generating £250,000 in government revenue, and supporting 26 jobs. If this impact is scaled up to meet the need of affordable housing in England then this could have a massive positive impact on the national economy.
Despite this evidence of the benefits of building affordable housing, Government’s proposed planning overhauls could hugely decrease the delivery of genuinely affordable homes.