The firm paused new contracts in the affordable homes sector last year after warning that it had been losing money on contracts.

Now with signs of easing cost inflation and an increase in Scottish government subsidy for the development of new affordable homes, Springfield has cautiously returned to bidding for new housing work.

This morning Springfield announced the signing of a £15.3m with the Highland Housing Alliance.

The contract includes an initial bulk sale of housing, followed by a design and build aspect.

It will receive £4.1m for a bulk sale of housing, which is scheduled to complete during the current financial year.

The design and build phase, which is worth £11.2m, is due to start in the coming weeks.

Innes Smith, CEO of Springfield Properties, said: “Since reengaging with affordable housing providers, we have been greatly encouraged by the interest that we are receiving.

“Within the last eight months, we have signed contracts worth around £40m with local housing authorities and other affordable housing providers.

He added:”As well as contributing towards the Scottish Government’s ambitious affordable housing targets, these homes will help meet the surge in demand for housing in the highlands with the Inverness and Cromarty Firth Green Freeport expected to bring 10,000 new jobs to the area.

“Our strong land-holding across the highlands means we are well placed to assist with housing delivery and we look forward to working with HHA to provide these much-needed homes.”