Springfield inks affordable housing deal

Housebuilder Springfield Properties has signed a £10.1m contract with Moray Council to develop affordable housing. The group will receive funds from the sale of the land to the council in the current financial year. The design and build phase, which accounts for the vast majority of the contract value, is set to be delivered over the next 18 months. The development is being funded by Moray Council and the Scottish government. It is part of the Moray Growth Deal, which is designed to boost economic growth across the region. Innes Smith, chief executive at Springfield Properties, said: “As part of the Moray Growth Deal, it reflects the importance of housing delivery to driving economic growth – and the recognition of this importance by the council and Scottish government. With our strong land-holding across the region and established relationships, we are well-placed to be awarded further contracts under this project to provide much-needed homes.”