What consideration has the Cabinet Secretary given to the UK Government's announcement on 17 June 2025 regarding the establishment of a national housing bank, including its implications for Wales and any corresponding funding mechanism in Wales to facilitate the provision of social housing?
The Welsh Government is already engaged in activity to leverage in private investment, provide flexibility to make long-term investments and support SMEs with lending products that enable developers to unlock complex sites.
Work is also underway with the Development Bank of Wales to support the development of more affordable housing, including as recommended by the Affordable Housing Taskforce.
We are working with our counterpartsin the UK Government to explore opportunities arising from the establishment of a National Housing Bank and other approaches. This is with a view to complementing the latest work Welsh Government is already undertaking to explore leveraging other funding to support quality affordable homes.