Nurses, social workers, teachers, police, prison and probation officers in London, the south-east and east of England are being offered help under the 690m Key Worker Living programme announced by deputy prime minister John Prescott last week. To help employers recruit and retain staff, the new programme will offer workers equity loans of up to 50,000 towards the purchase of a home, higher level equity loans of up to 100,000 for some London school teachers who are leaders in their field, shared ownership of newly built properties and intermediate renting at subsidised rents.
The Key Worker Living scheme builds on the Starter Home Initiative launched in 2001, which the Government claimed has helped 9,000 workers acquire homes.
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