Letter: Well said, Mr Neil

With the public sector spending squeeze, it is clear that innovative ways of funding affordable social housing have to be explored in order to meet the needs of thousands of people across Scotland.

In that light, I welcome the initiative shown by housing minister Alex Neil in appealing to the pension fund industry to invest up to 1 billion a year in social housing in Scotland, saying it is a dependable investment and the demand is there.

Even if he manages to lure investment from the pension funds, it should not be used as an excuse to cut public sector capital expenditure on house-building.

The Independent Budget Review, released in July, warned that continued capital expenditure was vital in order to stimulate private sector economic growth and employment. It is estimated that each 1 invested in housing generates 3.50 in economic output.

So, this innovative idea to help fund social housing is a positive step and I wish it success. However, as it contemplates which areas of capital expenditure are to be slashed, the Scottish Government must commit to a programme of concerted investment in building affordable homes. This has to be a national priority to help pull our country out of the economic doldrums and house the thousands of people desperate for a home of their own.

GRAEME BROWN

Shelter Scotland

South Charlotte Street

Edinburgh