1、1 Centre for Economics and Business Research The economic impact of building social housing A Cebr report for Shelter and the National Housing Federation.February 2024 2 Centre for Economics and Business Research Disclaimer Whilst every effort has been made to ensure the accuracy of the material in

2、this document,neither Centre for Economics and Business Research Ltd nor the reports authors will be liable for any loss or damages incurred through the use of the report.Authorship and acknowledgements This report has been produced by Cebr,an independent economics and business research consultancy

3、established in 1992.The views expressed herein are those of the authors only and are based upon independent research by them.The report does not necessarily reflect the views of Shelter and the National Housing Federation London,February 2024 3 Centre for Economics and Business Research Contents Exe

4、cutive Summary.5 1.Introduction.10 1.1 Background 10 1.2 Scope of the report 11 1.3 Report overview 12 2.The economic impact of building 90,000 social homes.13 2.1 Methodology 13 2.2 Economic impact of building social housing 19 2.2.1 Direct impacts.19 2.2.2 Aggregate impacts.20 2.3 Economic impact

5、of managing social housing 25 2.3.1.Direct impacts.25 2.3.2.Aggregate impacts.27 2.4 Social housing as a countervailing stabiliser in housing construction 32 3.Indirect benefits to the Exchequer and wider society.37 3.1 Methodology 37 3.2 Overall socioeconomic benefits 41 3.3 Labour market benefits

6、42 3.4 Decrease in Universal Credit claims 42 3.5 Savings to health services 43 3.6 Reduced homelessness services expenditure 43 3.7 Savings from lower crime 44 3.8 Fewer disruptions to education 44 3.9 Evaluating the impact of new social housing on labour market mobility 45 4.Overall impact on the