Springfield pauses signing of new affordable housing contracts

By Joey Gardiner2022-09-20T10:48:00

Scottish housebuilder reports record results but bottom line hit by sharp cost increases in supply chain

Springfield has paused the signing of all new affordable housing contracts in the wake of the sharp cost increases seen in recent month, the firm admitted today.

Publishing record results for the year to 31 May in which it saw completions top 1,000 homes for the first time, the Scottish housebuilder said its bottom line had been impacted by sharp cost increases on some affordable housing contracts and by three subcontractors going out of business.

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