PART OF THE ‘Construction Corridor’ in Yorkshire, is getting a £30 million government boost going to construction firm, ilke Homes, housing minister Esther McVey has announced.
The money is part of government’s drive to encourage modern methods of construction in the North of England.
Homes England will provide the funding to increase production at ilke Homes factory in Knaresborough, North Yorkshire.
The target is for 2,000 modular homes to roll off ilke Homes’ production line in 2020, rising to 5,000 homes a year within the next 5 years – making ilke Homes a top 10 UK housebuilder.
The government says ilke Homes’ factory manufactures homes using precision engineering, making them 100%more energy efficient than traditional homes with half the energy costs of an average UK property.
A factory environment also allows ilke Homes to ensure a high-level of quality and consistency is guaranteed for investors, developers and residents.
Housing minister Esther McVey MP said, “The North of England has the potential to lead the world in the modern methods of construction that are transforming home building. An industry that, when matured, would be worth £40 billion a year and provide up to 80,000 jobs.
“It’s vital we invest in new technology to get Britain building. Homes built using modern methods can be of higher quality, greener and built to last.”
Modern Methods of Construction
The funding follows an announcement last week by Esther McVey that government wants to create a centre of excellence in the north for Modern Methods of Construction to help speed-up house building to meet its target of 300,000 new houses each year by the mid-2020s.
Modern Methods of Construction are a combination of offsite manufacturing and onsite techniques that provide alternatives to traditional house building, aiming for homes to be built quickly, be more energy efficient and better designed. It can deliver high-quality housing at pace.
Faster with less waste
The government says, by manufacturing offsite, the precision-engineered homes produced by ilke Homes are delivered twice as fast as traditional methods of construction – while creating 90% less waste.
Dave Sheridan, Executive Chairman at ilke Homes, said, “This deal is testament to the dynamic approach Homes England is taking to address structural issues within our housing and construction industries.
“The funding will bring in further private capital, creating hundreds more skilled jobs allowing us to build more homes more quickly for first-time buyers.”
The £30 million is being allocated from the Home Building Fund, a £4.5 billion fund delivered by government housing agency, Homes England.