Claim fd664f39Checked 21 Jul 2026
TrueOn the truth scale
“The current government has invested £39 billion.”
Reasoning & Evidence21 Jul 2026
The claim that the current government has invested £39 billion to deliver more social and affordable homes is well-supported by official government sources.
At the June 2025 Spending Review, Chancellor Rachel Reeves announced a new 10-year £39 billion Social and Affordable Homes Programme (SAHP), running from 2026-27 to 2035-36. This is confirmed by multiple official GOV.UK publications, including the Ministry of Housing, Communities and Local Government's policy statement "Delivering a Decade of Renewal for Social and Affordable Housing," which states: "we have confirmed a new 10-year £39 billion Social and Affordable Homes Programme (SAHP) to kickstart social and affordable housebuilding at scale across the country."
A letter from the Housing Minister to registered providers clarified that the £39 billion is "all new money for this Spending Review and beyond, over and above the £12.3 billion budget for the AHP between 2021-2026," and includes £2 billion of "Bridge" funding in 2026-27.
One nuance: the £39 billion is a commitment/allocation over 10 years, not money that has already been fully spent. As of the speech date (June 2026), the programme would have only just begun disbursing funds. However, in political parlance, "invested" is commonly used to mean "committed to invest" or "allocated," and the £39 billion figure itself is accurately stated and officially confirmed.
Sources:
- GOV.UK, "Hundreds of thousands to get secure roof over their heads" — https://www.gov.uk/government/news/hundreds-of-thousands-to-get-secure-roof-over-their-heads
- GOV.UK, "Delivering a decade of renewal for social and affordable housing" — https://www.gov.uk/government/publications/delivering-a-decade-of-renewal-for-social-and-affordable-housing/delivering-a-decade-of-renewal-for-social-and-affordable-housing
- GOV.UK, "Letter from Housing Minister to registered providers of social housing: Spending Review 2025" — https://www.gov.uk/government/publications/letter-from-housing-minister-to-registered-providers-of-social-housing-spending-review-2025/letter-from-housing-minister-to-registered-providers-of-social-housing-spending-review-2025
- The Guardian, "Rachel Reeves to unveil £39bn housing boost in spending review shake-up" — https://www.theguardian.com/politics/2025/jun/10/rachel-reeves-to-unveil-39bn-housing-boost-in-spending-review-shake-up
- Inside Housing, "Sir Keir Starmer exclusive: keeping our housing promises" — https://www.insidehousing.co.uk/comment/sir-keir-starmer-exclusive-keeping-our-housing-promises-92291
From speech
We inherited a housing crisis, with people unable to have the security of their own home or even get on to the housing ladder. We are determined to change that. We have invested £39 billion to deliver more social and affordable homes, prioritising brownfield land. We must build more communities with strong infrastructure, but the hon. Lady’s party consistently votes against the planning reforms that will allow those homes to be built.
Sources opened
| [1] | gov.uk |
| [2] | gov.uk |
| [3] | gov.uk |
| [4] | gov.uk |
| [5] | gov.uk |
| [6] | insidehousing.co.uk |
| [7] | theguardian.com |
| [8] | bigissue.com |
| [9] | mortgagefinancegazette.com |
| [10] | mpamag.com |