The operating costs of registered providers in Scotland have outstripped growth in turnover in 2022/23, meaning individual providers have reduced financial headroom and reduced capacity to respond to further challenges.

In 2022/23, social landlords’ aggregate turnover increased by 4.28% to £1.99bn, while housing providers’ operating costs grew at a faster rate, rising by 5.67% to £1.64bn.

The Scottish housing regulator’s analysis of housing providers’ audited financial accounts for the 2022/23 financial year found that cash balances decreased by 12.94% to £776.72m.