Scottish housebuilder braces itself for year-long shutdown

By Joey Gardiner2020-04-27T08:28:00

Springfield secures funding to last out crisis for 12 months

Listed Scottish housebuilder Springfield has prepared itself for a potential long-term shutdown of its business, securing new banking facilities which will enable it to withstand a year without trading, the firm said.

In a sign of the impact of the differing approaches to the coronavirus pandemic by the Scottish and UK government, Springfield made the announcement as in England Redrow became the latest housebuilder to announce a return to sites.

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