Shropshire Council’s housebuilder to close after £4m loss forecast

Shropshire Council's Cabinet has approved the structured closure of Cornovii Developments, the council's wholly owned housebuilding company, over a period expected to take at least 18 months.

Cornovii was established in 2019 to build homes across the county and has delivered 196 homes to date, including affordable homes, homes for sale, private rented homes and rent-to-own properties.

The council has loaned £35.19m to the company as of 31 March 2026, funding that would need to increase... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...