Midlands housing association Green Square Accord (GSA) is to close offsite manufacturer LoCal Homes after failing to find a buyer for the business.
The 25,000-home provider announced plans to exit the Walsall-based business in September 2025, saying it wanted to simplify, strengthen and focus on its core social landlord services.
Mona Shah, chief finance and investment officer, said: “Despite our best efforts we have not been able to secure a viable sale, and this means we must now move forward with the closure of the factory.
“While this is disappointing news, it is a necessary decision in the circumstances. As previously outlined, LoCaL Homes has been operating at a loss, and we cannot continue to subsidise this.
“At the same time, GSA faces a challenging financial landscape and must prioritise investment in existing homes over new development. We also have a responsibility to focus on our core offer and deliver on our vision of being a great social landlord.”
Shah added: “Our focus in the coming weeks and months will be on supporting the 35 colleagues who work for LoCaL Homes and working with our remaining customers as we progress the closure of the factory.”
Read next: Eastlight names senior leaders in drive for local focus
Are you a social housing professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.
