Elgin-based house builder Springfield Properties plc announced that it has signed a new contract worth £10.1 million with Moray Council for the delivery of affordable housing.

Springfield said it 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,” said Springfield.

“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 organisations and private businesses.”

Springfield Properties CEO Innes Smith said: “We are pleased to have been awarded this latest affordable housing contract from Moray Council, which is a long-standing partner of Springfield.

“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.”