Thousands of Scots could get £25K to help buy home – find out if you're eligible
HELPING HAND Thousands of Scots could get £25K to help buy home – find out if you're eligible
Click to share on X/Twitter (Opens in new window)
Click to share on Facebook (Opens in new window)
THOUSANDS of Scots will be able to get help buying a home as part of a new scheme.
Barratt Homes and David Wilson Homes relaunched the intiative which has seen millions of pounds given to buyers.
Sign up for Scottish Sun
newsletter
Sign up
3
The scheme is helping people buy a home
Credit: Getty
3
Millions of pounds have already been given away
Credit: Alamy
The firm is building scores of new homes across the country.
Brand new communities are being constructed across the country.
These include David Wilson Homes at St Andrews and Valley Park in West Lothian and Barratt Homes in Auchinleck Village, Glasgow, and Westburn Gardens, Aberdeen.
But the firm are giving back to people trying to get on the property ladder with a new deposit scheme where they will hand over up to £25,000 to help people save for their deposit.
For every £20,000 the property is worth, Barratt Redrow will put £1,000 towards the deposit.
It means people buying a home costing £250,000 will get £12,500 from the firm.
But the scheme is only available to members of frontline public sector services.
The Key Worker Deposit Contribution Scheme was launched to celebrate the 75th anniversary of the NHS.
But so far it has given over £8m given to 498 people buying homes in Scotland.
Key workers eligible for the scheme include NHS staff, police officers, firefighters, Ministry of Defence, Environmental Service, Transport Scotland, prison workers, council staff, lifeboat crews and foster carers.
Summer Friday's for Workers, Walkers Job Cuts, & £478 State Pension Rise – Money News Today
Alison Condie, Regional Managing Director at Barratt and David Wilson Homes Scotland, said: 'Our Key Worker Deposit Contribution Scheme has already helped almost 500 buyers in Scotland to purchase a low-carbon, energy-efficient home.
'While mortgage interest rates are starting to come down, many buyers are still struggling to get into a home that fits with their lifestyle.
"We're now extending the scheme even further to ensure that those who provide essential frontline services can get into their own place.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Western Telegraph
20 minutes ago
- Western Telegraph
Scotland's deficit grew by £5.1bn, Government estimate shows
The latest Government Expenditure and Revenue Scotland (Gers) figures reported 'overall public finances in Scotland weakening, as expenditure grew faster than revenue'. For 2024-25, Scotland has a net fiscal deficit of minus £26.2 billion – an increase of £5.1 billion from the previous year – with this the representing minus 11.6% of the country's GDP. The UK deficit for 2024-25 was minus 5.1% of GDP, less than half the rate of Scotland. Minus £26,188,000 Scotland's net fiscal balance in 2024-25 Government Expenditure and Revenue Scotland The Scottish Government report said the 'deterioration' between this year and last was in part linked to a fall in North Sea revenue, but it added: 'The difference is primarily explained by movements in non-North Sea revenue and spending, with Scottish revenue growing more slowly and Scottish expenditure growing more quickly than the UK.' Revenue in Scotland grew by 1.5% in 2024-25 to £91.4 billion. Spending increased to £117.6 billion in 2024-25, up from £111.4 billion in 2023-24. 'As a share of GDP, public spending remained at historically high levels in 2024,' the report noted. Scottish Secretary Ian Murray said the figures show Scots benefit from higher public spending than the UK average – with this £2,669 more per person north of the border. He said this 'means more money for schools, hospitals and policing, if the Scottish Parliament chooses to invest in those areas' – although he also claimed 'people in Scotland will rightly expect to see better outcomes' for these higher spending levels. Mr Murray said: 'These figures underline the collective economic strength of the United Kingdom and how Scotland benefits from the redistribution of wealth inside the UK. Scottish Secretary Ian Murray said voters north of the border will expect 'better outcomes' from higher levels per person of public spending (Ben Whitley/PA) 'By sharing resources with each other across the UK, Scots benefit by £2,669 more per head in public spending than the UK average. 'It also means that devolved governments have the financial heft of the wider UK behind them when taking decisions.' Scottish Finance Secretary Shona Robison said decisions taken by ministers at Holyrood 'are helping support sustainable public finances'. She said: 'For the fourth year in a row, devolved revenues have grown faster than devolved expenditure. 'Scotland's public finances are better than many other parts of the UK, with the third highest revenue per person in the UK, behind only London and the South East.' She also stressed the Gers statistics reflect the current constitutional arrangements, with Scotland part of the UK and 'not an independent Scotland with its own policy, decisions on defence spending and the economy'. Independence is the direction we want to take because we believe it will unleash the potential, from day one, to be able to emulate some of the economic performance of many of our neighbours Shona Robison, Scottish Finance Secretary Arguing the figures highlight the 'limit' of devolved powers, Ms Robison said while the Scottish Government is responsible for more than 60% of public expenditure north of the border, it only controls 'around 30% of revenue'. The Finance Secretary told journalists: 'As an independent Scotland we would have the powers to make different choices, different budgetary results, to build a stronger economy and enable Scotland to be a fairer, wealthier and greener country.' She pointed to Ireland, saying GDP there had grown 12.5% over the last year, with a budget surplus of 24 billion euros (£20.7 billion) in 2024. Ms Robison hailed that as an example of 'what a small independent country, one of our nearest neighbours, is able to do with the full powers of independence'. She said: 'What we want, through the powers of independence, is to be able to make our own decisions. 'If you look at Ireland and what they have been able to do with the powers they have, it's like night and day compared to the economic conditions of the UK economy or the Scottish economy. 'Independence is the direction we want to take because we believe it will unleash the potential, from day one, to be able to emulate some of the economic performance of many of our neighbours, whether it is Ireland, or some of our Scandinavian neighbours.'
North Wales Chronicle
2 hours ago
- North Wales Chronicle
Scotland's deficit grows by £5.1bn, Gers figures show
The latest Government Expenditure and Revenue Scotland (Gers) figures reported 'overall public finances in Scotland weakening, as expenditure grew faster than revenue'. For 2024-25, Scotland has a net fiscal deficit of minus £26.5 billion – an increase of £5.1 billion from the previous year – with this the representing minus 11.7% of the country's GDP. The UK deficit for 2024-25 was minus 5.1% of GDP, less than half the rate of Scotland. The Scottish Government report said the 'deterioration' between this year and last was in part linked to a fall in North Sea revenue, but it added: 'The difference is primarily explained by movements in non-North Sea revenue and spending, with Scottish revenue growing more slowly and Scottish expenditure growing more quickly than the UK.' Revenue in Scotland grew by 1.5% in 2024-25 to £91.4 billion. Spending increased to £117.6 billion in 2024-25, up from £111.4 billion in 2023-24. 'As a share of GDP, public spending remained at historically high levels in 2024,' the report noted. Scottish Secretary Ian Murray said the figures show Scots benefit from higher public spending than the UK average – with this £2,669 more per person north of the border. He said this 'means more money for schools, hospitals and policing, if the Scottish Parliament chooses to invest in those areas' – although he also claimed 'people in Scotland will rightly expect to see better outcomes' for these higher spending levels. Mr Murray said: 'These figures underline the collective economic strength of the United Kingdom and how Scotland benefits from the redistribution of wealth inside the UK. 'By sharing resources with each other across the UK, Scots benefit by £2,669 more per head in public spending than the UK average. 'It also means that devolved governments have the financial heft of the wider UK behind them when taking decisions.' Scottish Finance Secretary Shona Robison said decisions taken by ministers at Holyrood 'are helping support sustainable public finances'. She said: 'For the fourth year in a row, devolved revenues have grown faster than devolved expenditure. 'Scotland's public finances are better than many other parts of the UK, with the third highest revenue per person in the UK, behind only London and the South East.' She also stressed the Gers statistics reflect the current constitutional arrangements, with Scotland part of the UK and 'not an independent Scotland with its own policy, decisions on defence spending and the economy'. Arguing the figures highlight the 'limit' of devolved powers, Ms Robison said while the Scottish Government is responsible for more than 60% of public expenditure north of the border, it only controls 'around 30% of revenue'. The Finance Secretary told journalists: 'As an independent Scotland we would have the powers to make different choices, different budgetary results, to build a stronger economy and enable Scotland to be a fairer, wealthier and greener country.' She pointed to Ireland, saying GDP there had grown 12.5% over the last year, with a budget surplus of 24 billion euros (£20.7 billion) in 2024. Ms Robison hailed that as an example of 'what a small independent country, one of our nearest neighbours, is able to do with the full powers of independence'. She said: 'What we want, through the powers of independence, is to be able to make our own decisions. 'If you look at Ireland and what they have been able to do with the powers they have, it's like night and day compared to the economic conditions of the UK economy or the Scottish economy. 'Independence is the direction we want to take because we believe it will unleash the potential, from day one, to be able to emulate some of the economic performance of many of our neighbours, whether it is Ireland, or some of our Scandinavian neighbours.'
Rhyl Journal
2 hours ago
- Rhyl Journal
Scotland's deficit grows by £5.1bn, Gers figures show
The latest Government Expenditure and Revenue Scotland (Gers) figures reported 'overall public finances in Scotland weakening, as expenditure grew faster than revenue'. For 2024-25, Scotland has a net fiscal deficit of minus £26.5 billion – an increase of £5.1 billion from the previous year – with this the representing minus 11.7% of the country's GDP. The UK deficit for 2024-25 was minus 5.1% of GDP, less than half the rate of Scotland. The Scottish Government report said the 'deterioration' between this year and last was in part linked to a fall in North Sea revenue, but it added: 'The difference is primarily explained by movements in non-North Sea revenue and spending, with Scottish revenue growing more slowly and Scottish expenditure growing more quickly than the UK.' Revenue in Scotland grew by 1.5% in 2024-25 to £91.4 billion. Spending increased to £117.6 billion in 2024-25, up from £111.4 billion in 2023-24. 'As a share of GDP, public spending remained at historically high levels in 2024,' the report noted. Scottish Secretary Ian Murray said the figures show Scots benefit from higher public spending than the UK average – with this £2,669 more per person north of the border. He said this 'means more money for schools, hospitals and policing, if the Scottish Parliament chooses to invest in those areas' – although he also claimed 'people in Scotland will rightly expect to see better outcomes' for these higher spending levels. Mr Murray said: 'These figures underline the collective economic strength of the United Kingdom and how Scotland benefits from the redistribution of wealth inside the UK. 'By sharing resources with each other across the UK, Scots benefit by £2,669 more per head in public spending than the UK average. 'It also means that devolved governments have the financial heft of the wider UK behind them when taking decisions.' Scottish Finance Secretary Shona Robison said decisions taken by ministers at Holyrood 'are helping support sustainable public finances'. She said: 'For the fourth year in a row, devolved revenues have grown faster than devolved expenditure. 'Scotland's public finances are better than many other parts of the UK, with the third highest revenue per person in the UK, behind only London and the South East.' She also stressed the Gers statistics reflect the current constitutional arrangements, with Scotland part of the UK and 'not an independent Scotland with its own policy, decisions on defence spending and the economy'. Arguing the figures highlight the 'limit' of devolved powers, Ms Robison said while the Scottish Government is responsible for more than 60% of public expenditure north of the border, it only controls 'around 30% of revenue'. The Finance Secretary told journalists: 'As an independent Scotland we would have the powers to make different choices, different budgetary results, to build a stronger economy and enable Scotland to be a fairer, wealthier and greener country.' She pointed to Ireland, saying GDP there had grown 12.5% over the last year, with a budget surplus of 24 billion euros (£20.7 billion) in 2024. Ms Robison hailed that as an example of 'what a small independent country, one of our nearest neighbours, is able to do with the full powers of independence'. She said: 'What we want, through the powers of independence, is to be able to make our own decisions. 'If you look at Ireland and what they have been able to do with the powers they have, it's like night and day compared to the economic conditions of the UK economy or the Scottish economy. 'Independence is the direction we want to take because we believe it will unleash the potential, from day one, to be able to emulate some of the economic performance of many of our neighbours, whether it is Ireland, or some of our Scandinavian neighbours.'
