Responding to the announcement that the European Investment Bank is to invest £1 billion in social housing in the UK, Labour’s Shadow Secretary of State for Housing and Planning, John Healey MP, said:

“Conservative Ministers have slashed investment for new affordable housing, so this new European Investment Bank funding for 20,000 affordable homes is a vital contribution to tackling the country’s spiralling housing costs.”

“It’s clear that if we want more affordable homes, we must remain part of the European Union.”