It marks more than a third of a total £13.7 million loaned to Babergh Growth Limited to turn the council’s former Hadleigh headquarters into homes. The company – a joint venture between Babergh District Council and Norse Group Holdings Ltd – is in the final stages of delivering 49 new homes at the Corks Lane site, known as Bowlers Croft. The council cited increased construction and delivery costs, as well as changes in housing market conditions, as the reasons behind the figures. The scheme followed Babergh District Council’s decision to relocate its headquarters to Endeavour House, in Ipswich, in 2016. The authority stressed although it did not expect to turn a profit, this position had been reflected in the council’s books over recent years.