Home Industry Housing firm's future to be decided after £1.7m loss

Housing firm's future to be decided after £1.7m loss

by Brooklyn
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The future of a housing company set up by a council is set to be decided this summer after making a loss of £1.7m.

Swindon Borough Council set up the Swindon Housing Development Company in 2017 with the hope of delivering schemes with social benefits to the area and helping pay for essential council services.

But it did not build any houses in 2024-25 it was revealed in a report to the council's cabinet which showed a mixed performance by the private companies it owns.

However, a solar farm owned by the council made a £297,000 profit, the report said.

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