Member

But the benefit of this scenario is also that it would move significant numbers of people from temporary accommodation into social housing. That could yield the Exchequer up to £710 million a year and it would also lead to a move of tenants from private rented property into public housing association and council housing. That is a £125 million benefit as well. So, from the Treasury’s point of view, this is an attractive scenario. From the broader economic point of view, an increase in social housing supply over 10 years of 180,000 could increase the long-run level of GDP by around 0.2% relative to baseline. The construction activity over that 10-year period could also increase annual GDP by more than 0.1% relative to baseline.