Springfield Properties plc announced that it has signed a new contract, worth £10.1 million, with Moray Council for the delivery of affordable housing. The Group will receive funds from the sale of the land to Moray Council in the current financial year and the design and build phase, which accounts for the vast majority of the contract value, is due 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, including through a project to deliver hundreds of affordable homes, and brings together Scottish and UK governments, Moray Council, public and third sector organizations and private businesses.