A Scottish housebuilder is preparing to make its stock market debut to take advantage of a £1.8bn subsidy plan to build tens of thousands of affordable homes in the next five years.
Springfield Properties is seeking to raise up to£ 25m at a valuation of £55m-£65m and list on Aim before the end of the year.
It builds a mixture of affordable homes and houses for private sale, concentrating on larger sites across central Scotland.
The Scottish Parliament has pledged to build 50,000 affordable homes in this parliament, which is a 70% increase on the previous one.
