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FOI/202400419315 · FOI · unclear

Open Market Shared Equity scheme reopening: FOI release

Published
2024-09-04
Received
2024-06-18
Responded
2024-06-21
Directorate
Local Government and Housing Directorate
Topic
Housing, Public sector
Exemptions
None detected

Information requested

When the Open Market Shared Equity Scheme (OMSE) is to reopen and if there are there any changes to it?

What is the budget allowance?

Response

The Open Market Shared Equity Scheme (OMSE) reopened to applications on 20 June 2024. I can confirm that there have been no changes to the OMSE scheme.

As for the budget, I can confirm that the Scottish Government is restricted to the limit of financial transactions allocated to us by the Treasury, and with a backdrop of wider real term funding cuts we have provisionally allocated £27m funding for FY 2024/25 to re-open OMSE.

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.

Contact Please quote the FOI reference Central Enquiry Unit Email: ceu@gov.scot Phone: 0300 244 4000 The Scottish Government St Andrews House Regent Road Edinburgh EH1 3DG

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