Scottish Government Bonds

Allia’s Investing in Scotland programme provides loans and grants to housing associations in Scotland for building new affordable homes.

Since 2014 Allia has been supporting the development of affordable housing across Scotland with nearly £70m of investment from the Scottish Government. The programme was created in response to demand from housing associations for better access to appropriate finance, and provides unsecured loans for up to 10 years with no payments of interest or principal before maturity.



To date, Allia’s programme for Scotland has provided loans for nine housing associations around the country, including Kingdom Housing Association in Fife and Hjaltland Housing Association in Shetland. Together these loans are expected to provide over 900 new affordable homes across Scotland. In addition, the interest that will be paid on these loans has enabled the creation of a grant fund of over £16m to support the delivery of homes for those on the lowest incomes.

Scottish Government has committed a further £25m of investment in 2017/18.

If you are a housing association in Scotland and would like to find out more about the programme, please contact Allia Impact Finance on