Business

The UK government announced a £39bn plan to build 70,000 social and affordable homes, granting funding to multiple regions including London, Greater Manchester, West Midlands, and West Yorkshire. Andy Burnham initially faced debate over spending restrictions but aligned with government frameworks where a portion of Affordable Homes Programme funds supports sheltered and shared ownership.

• £39bn funding plan approved for 70,000 social and affordable homes across England.
• Funding granted to Greater Manchester, the West Midlands, West Yorkshire, and London.
• Andy Burnham backtracked on spending housing funds solely on social homes.
• About 40 percent of 10 billion pounds from the Affordable Homes Programme will go to sheltered and shared ownership.