Housing Minister unveils £30m boost for ‘Construction Corridor’

Funding | North East | Property & Construction | Yorkshire

Government developing a construction industry which will deliver zero carbon homes, an industry worth £40bn a year and create 80,000 new jobs.

The government is looking to create an industry that will deliver ‘Carbon Free Homes’, and an industry that will create jobs & career opportunities for a new workforce.

Yorkshire, as part of the ‘Construction Corridor’, is getting a £30m boost from the government going to top construction firms ilke Homes, Housing Minister Esther McVey has announced.

The money is part of government’s drive to make the North of England the world-leader in the creation of modern, green homes.

Homes England will provide the funding to turbo-charge production at their factory in Knaresborough, North Yorkshire.

By next year, 2,000 modular homes will roll off ilke Homes’ production line, rising to 5,000 homes a year within the next five years – making ilke Homes a top 10 UK housebuilder.

Because ilke Homes’ factory manufactures homes using precision engineering, they are more energy efficient than traditional homes, halving energy costs compared to the average UK property – creating housing that’s good for the planet and good for the pocket.

A factory environment also allows ilke Homes to ensure a high-level of quality and consistency is guaranteed for investors, developers and residents.

The result is homes that outperform those built traditionally, with ilke’s homes proven to be 100% more energy efficient than the average UK home. The investment from government housing agency Homes England will help drive these improvements further by allowing ilke Homes to scale up its operation.

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 £40bn a year and provide up to 80,000 jobs. We need to fully embrace this.

“This £30m investment in ilke Homes is a significant step forwards in the development of the ‘Construction Corridor’ – a new hub in the North that is front and centre of building the homes we need.

“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.”

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