Springfield re-enters affordable housebuilding market

By Daniel Gayne2023-09-21T11:08:00

Scottish housebuilder paused new contracts in sector last year after losing money on contracts

Springfield has re-entered the affordable housing market on the back of easing cost inflation and an increase in how much the Scottish Government is prepared to pay to subsidise the development of new affordable homes.

The Scottish housebuilder stopped entering new large long-term affordable housing contracts in September 2022 in order to protect its margins, which had been hit by the delivery of two large contracts signed in 2020 on the expectation of lower costs.

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