Innovation & Investment Fund

Innovation & Investment Fund

The Innovation and Investment Fund for 2011-2012 aims to allow all suppliers to build new affordable housing. It is split into three funding streams:

Following bids to the fund, the first and second tranches of successful bids to each of the funding streams have been announced. The awards are listed below.

Tranche 2: Innovation & Investment Fund - Successful bids to the Council House New Build
Local AuthorityProject Location(s)No. of UnitsFunded - £15m
AngusMontrose, Site 317467,500
East DunbartonshireKirkintilloch, Lammermoor Crescent18540,000
East DunbartonshireKirkintilloch, Lammermoor Road14420,000
East DunbartonshireBishopbriggs, Fern Avenue11330,000
East LothianPrestonpans, 43 High Street9270,000
East LothianMusselburgh, Monktonhall17510,000
East LothianMusselburgh, Kilwinning20600,000
East LothianCockenzie, Cockenzie Harbour33990,000
East LothianPrestonpans, Lidl Site24720,000
FalkirkFalkirk, Merchiston Road361,080,000
FalkirkSummerford, Windsor Road24720,000
HighlandInverness, Assynt Road6180,000
HighlandBalvraid Road, Muir of Ord6180,000
HighlandGairloch8240,000
HighlandDornie, Carr Brae6180,000
HighlandConon Bridge, Sellar Place6180,000
HighlandKingussie, Duke Street4120,000
HighlandInverness, Telford Road4120,000
HighlandInverness, Kessock Court North7210,000
MidlothianPenicuik, Eastfield Drive Phase 112360,000
MidlothianPenicuik, Eastfield Drive Phase 222660,000
MorayLossiemouth, Inchbroom Avenue10300,000
North AyrshireRedstone Avenue, Kilwinning25725,000
North LanarkshireAlbert Primary School16480,000
North LanarkshireCorsewell Street, Coatbridge14420,000
North LanarkshireSt Patricks Primary School, Kilsyth30900,000
Orkney IslandsStromness, Garson12360,000
Orkney IslandsSt Ola, Corse Farm12360,000
Orkney IslandsWestray4120,000
West DunbartonshireGranville Street, Clydebank24720,000
West DunbartonshireValeview Terrace, Dumbarton361,080,000
West LothianBathgate, Little Boghead9270,000
West LothianLivingston, Eliburn6180,000
Totals502£14,992,500
Tranche 2: Innovation & Investment Fund - Successful bids to the RSL stream
Local AuthorityRSLProject Location/NameNo. of UnitsFunded - £25m
AngusHillcrest HAMontrose Road, Arbroath261,147,120
AngusServite HAMallard Drive Ph 3, Montrose22977,416
AngusAngus HABenedict Road, Arbroath4160,000
Argyll & ButeDunbritton HAHermitage Academy, Helensburgh511,972,890
Argyll & ButeArgyll Community HAScott Terrace, Dalmally8389,830
Dumfries & GallowayDumfries & Galloway HPCreamery site, Kirkcudbright301,322,460
Dumfries & GallowayKey HADalryample Terrace, Stranraer6237,960
Dumfries & GallowayDumfries & Galloway HPNewton Stuart, Woodlands Newton442,007,390
DundeeSanctuary Scotland HAArdler 6A, Dundee602,034,120
East DunbartonshireTrust HAMeiklehill House Site, Kirkintilloch16668,800
East DunbartonshireLink GroupBishopbriggs, Colston Road18309,049
East LothianDunedin Canmore HAEskmills, Musselburgh31929,258
East RenfrewshireLink GroupNewton Mearns, Ayr Road14543,760
East RenfrewshireLink GroupKirktonfield Road, Neilston16666,976
FalkirkKingdom HAOverton Phase 2, Falkirk23968,000
FalkirkLink GroupPark Terrace, Brightons, Falkirk16630,020
FalkirkKey HACamelon, Burnside Terrace4169,120
FifeKingdom HAAnstruther, Cellardyke Ph 119826,796
FifeKingdom HAGreenside Place, St Andrews9350,000
FifeKingdom HAGlenrothes, Tanshall & Caskiberran Ph 615654,000
FifeKingdom HACraigie Street, Ballingry14499,450
HighlandLochaber HALochyside, Fort William6315,418
HighlandAlbyn HSKessock Court North, Inverness8343,040
HighlandAlbyn HSAlness8331,594
HighlandAlbyn HSClachnaharry, Inverness16637,646
HighlandAlbyn HSLeachkin, Inverness10391,600
HighlandAlbyn HSLochcarron4142,880
HighlandAlbyn HSConon Bridge4191,136
HighlandLochalsh & Skye HASkye, Dornie Ph 29445,790
MidlothianDunedin Canmore HASuttieslea Road, Newtongrange14560,000
North AyrshireCunninghame HAFlatt Farm, Largs26766,361
North AyrshireTrust HAArran, Benlister South562,440,000
North LanarkshireClyde Valley HAMain Street, Bellshill16645,600
North LanarkshireLink GroupBroadwood, Carradale Crescent331,307,046
North LanarkshireLink GroupCumbernauld, St Mungo's Gate14512,000
OrkneyOrkney HALynn Crescent, Kirkwall135,720
Perth and KinrossPerthshire HATaymouth Terrace, Kenmore850,597
Perth and KinrossServite HAPitlochry - Former Ice Rink8348,800
Perth and KinrossServite HABridge of Earn, Ph 318630,000
Perth and KinrossHillcrest HACrieff, Maxton Road8376,960
RenfrewshireLinstone HA LtdBrown Street Paisley16640,000
RenfrewshireLink GroupTannahill Crescent, Johnstone301,305,376
ShetlandHjaltland HATingwall Strand, Ph 1241,198,840
ShetlandHjaltland HABrae, Ladies Mire Ph 28338,234
South AyrshireWest of Scotland HAMonkton14596,736
South LanarkshireClyde Valley HACatacol Grove, East Kilbride16648,000
South LanarkshireWest of Scotland HAHamilton Road, Cambuslang281,083,852
South LanarkshireRutherglen & Cambuslang HAOvertown Road, Cambuslang291,121,974
South LanarkshireClyde Valley HAPollock Lane, East Kilbride6204,000
StirlingForth HADunblane, Anchorscross Ph 1**8300,438
StirlingForth HADunblane, Anchorscross Ph 214557,425
StirlingRural Stirling HAMoray Street/ Station Wynd, Doune**9243,272
StirlingForth HARaploch Site 1014575,120
West LothianCastle Rock Edinvar HABurngrange, West Calder391,282,768
West LothianAlmond HAStation Road, Armadale251,015,829
West LothianDunedin Canmore HAKaim Park, Bathgate24514,825
West LothianDunedin Canmore HANorth Bridge Street, Bathgate12252,226
Total1,029£39,815,518

**denotes subsidy/units additional to amounts awarded in tranche 1

Tranche 2: Innovation & Investment Fund - Successful bids to the Innovation Fund
Local AuthorityBidding OrganisationProject LocationNo. of UnitsFunded - £10m
AberdeenshireCastlehill HAPort Elphinstone, Inverurie18542,826
Argyll & ButeWest Highland Rural SolutionsUlva, Mull280,000
HighlandHighland Small Communities Housing TrustLochaline250,000
South LanarkshireSouth Lanarkshire CouncilVarious501,250,000
Totals72£1,922,886
Successful bids to the Council House New Build stream (first tranche)
Local authorityProject location(s)No. of unitsFunded - £20m
AberdeenshireCruden Bay, John Buchan Drive11£330,000
AngusArbroath, Site 111£302,500
AngusForfar, Site 218£495,000
AngusInveraldie, Site 45£137,500
ClackmannanshireSauchie, Hallpark Annexe25£750,000
Dumfries & GallowayDumfries, Friars Vennel8£240,000
Dumfries & GallowayCastle Douglas, Dunmuir Park12£360,000
East AyrshireKilmarnock, Grassyards Road10£300,000
East DunbartonshireKirkintilloch, Southbank Road25£750,000
East DunbartonshireBishopbriggs, Mavisbank16£480,000
East LothianNorth Berwick, Law Site44£1,320,000
East RenfrewshireEaglesham, Polnoon Street7£210,000
Edinburgh CityCraigmillar, Greendykes14£420,000
Edinburgh CityLeith, Fort House37£1,110,000
FalkirkMaddiston, Parkhill Drive42£1,260,000
FifeAnstruther, Shore Road7£210,000
FifeCupar, West Port21£630,000
HighlandDingwall, Tulloch Avenue12£360,000
HighlandArdgour6£180,000
HighlandInverness, Burn Road12£360,000
HighlandInverness, St Valery Place18£540,000
MidlothianPenicuik, Eastfield Drive ph 120£600,000
MorayBuckie, Barhill Road20£600,000
North AyrshireMillport, Copeland Crescent12£348,000
North LanarkshireChryston, Lanrig Road25£750,000
North LanarkshireLaburnam Road, Viewpark15£450,000
Orkney IslandsKirkwall,Watersfield12£360,000
Perth & KinrossScone, Perth Road10£300,000
Perth & KinrossPitlochry, Lower Oakfield6£180,000
Perth & KinrossPitlochry, Dalchampaig ph 26£180,000
Perth & KinrossBlairgowrie, Quinns Cinema17£510,000
RenfrewshirePaisley, Barrhead Road37£1,110,000
South AyrshireAyr, Caledonia Road8£240,000
South AyrshireAyr, Glencairn Park6£180,000
South AyrshireAyr, Gavin Hamilton Court5£150,000
South LanarkshireCambuslang, Clydeford Road24£720,000
South LanarkshireMain Street, Rutherglen17£510,000
StirlingCowie, Burns Terrace/Main Street6£180,000
StirlingStirling, Edward Ave6£180,000
StirlingThornhill, Norrieston Glebe (Rented)8£240,000
West DunbartonshireHaldane, Miller Street15£450,000
West LothianLivingston, Eliburn34£1,020,000
Totals670£20,003,000
Successful bids to the Registered Social Landlord stream (first tranche)
Local authorityRSLProject location/nameNo. of unitsFunded - £25m
AberdeenshireAberdeenshire HPInverurie, Blackhall Rd12480,000
AngusServite HAArbroath, Herald Building20127,200
Argyll & ButeFyne HomesLochgilphead, High School18588,928
Dumfries & GallowayLoreburn HADalbeattie, Station Road20750,000
DundeeHome Scotland HADundee, Mill O Mains703,083,816
East AyrshireAtrium HomesFenwick15600,000
East DunbartonshireTrust HA / Trust EnterprisesKirkintilloch, Southbank Road401,686,400
East RenfrewshireHanover (Scotland) HAGiffnock, Fenwick Road16640,000
FalkirkLink GroupLarbert, Bellsdyke21863,310
FifeKingdom HADunfermline, Dunlin Drive261,152,437
HighlandAlbyn HSBeauly8320,000
HighlandAlbyn HSInverness, Dalneigh6258,484
InverclydeOak Tree HAGreenock, Sir Michael Court1285,747
MidlothianMelville HAMayfield, Langlaw Road Ph3401,022,369
North AyrshireCunninghame HAIrvine, Vineburgh Ph 3632,255,342
North LanarkshireSanctuary (Scotland) HACumbernauld, Maclehose582,115,294
OrkneyOrkney HAStromness, Garson12737,401
Perth and KinrossPerthshire HAPerth, Muirton Phase 4B20859,316
RenfrewshireSanctuary (Scotland) HAPaisley, Gallowhill712,799,530
Scottish BordersBerwickshire HAAyton, Beanburn110,000
Scottish BordersEildon HALauder, Crofts Road12556,800
ShetlandHjatland HALerwick, North Star15624,181
South AyrshireWest of Scotland HAGreenan251,031,180
South LanarkshireHanover (Scotland) HAHamilton, Chantinghall Road13520,000
StirlingForth HADunblane, Anchorscross7296,285
StirlingRural Stirling HADoune, Moray St/Station Wynd5218,180
West LothianAlmond HABoghall, Charles Crescent16497,919
Western IslesHebridean HPStornoway, Melbost Ph 210534,948
Totals652£24,715,068
Successful bids to the Innovation stream (first tranche)
Local authorityBidding organisationProject locationNo. of unitsFunded - £10m
Aberdeen CityAberdeen City CouncilAberdeen20£600,000
Aberdeen CityLangstane Housing AssociationAberdeen, Stockethill32£571,116
AberdeenshireCornerstone Community CarePortlethen6£303,324
AberdeenshireLangstane Housing AssociationPortlethen, Hillside20£368,125
AngusAngus CouncilForfar, Glenclova Terrace12£180,000
Argyll & ButeInver Farmers Scottish Partnership LtdOrmsary, Argyllshire6£120,000
Argyll & ButeIsle of Gigha Heritage TrustIsle of Gigha, Bayview2£70,000
Argyll & ButeWest Highland Rural SolutionsOban, Dunbeg50£1,902,586
City of EdinburghJ Smart & Co. (Contractors) PlcEdinburgh, Albion Road43£154,800
City of EdinburghLothian HomesEdinburgh, Craigmillar20£475,000
City of EdinburghCairn Housing AssociationEdinburgh, Gorgie15£375,000
Dumfries & GallowayDumfries & Galloway Housing PartnershipThornhill, Station Road20£600,000
Dumfries & GallowayDumfries & Galloway Housing PartnershipLockerbie, Townhead Street13£287,412
Dumfries & GallowayDumfries & Galloway Housing PartnershipNewton Stewart10£272,400
FifeKingdom Housing AssociationDunfermline (no IIF subsidy required, grant already paid)24£0
FifeKingdom Housing AssociationCupar, Westport9£45,000
GlasgowGlasgow Housing AssociationGlasgow, Ibroxholm Oval98£1,110,000
GlasgowCCG (Scotland) LtdGlasgow, Tantallon Road24£840,000
GlasgowGlasgow Housing AssociationGlasgow, Lambhill24£360,000
HighlandHelmsdale & District Community AssociationHelmsdale, Rockview Place4£110,000
HighlandHighland Small Communities Housing TrustVarious Locations - Self Build15£70,000
HighlandHighland Housing AllianceDingwall11£330,000
MidlothianDunedin Canmore GroupNewtongrange7£145,147
OrkneyOrkney Islands Property Development LtdWestray2£52,800
OrkneyOrkney Builders (Contractors) LtdKirkwall10£150,000
Perth & KinrossKingdom Housing AssociationPerth, St John's Place8£28,800
ShetlandNational Trust for ScotlandFair Isle, Shetland2£60,000
South AyrshireSouth Ayrshire Councilvarious locations30£414,271
Totals537£9,995,781

Page updated: Friday, October 28, 2011