Swan to close offsite factories as firm looks to head off default notice and ink Sanctuary deal

By Carl Brown2022-12-05T11:58:00

Troubled housing association will not keep modular facilities open even after rescue merger with rival completes

Troubled Swan has told staff it is closing its two offsite factories as efforts to complete its delayed rescue merger with Sanctuary continue.

The 11,000-home housing association has decided to shut the facilities after last year losing control of development costs and breaching a regulatory standard.

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