Kent-based housing association Moat has seen its revenue rise sharply despite missing its development target for the 2021/22 financial year after schemes were impacted by labour and materials shortages.

The social landlord, which serves customers in over 20,000 homes predominantly in London, Kent and Essex, said turnover rose by 18.7% to £181m after revenue from sales of shared ownership homes more than quadrupled to £34.6m.

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