The Government has handed Yorkshire-based ilke Homes £30m to drive up factory housing production.
Each home that rolls off the production line is fully accredited by Britain’s major insurers and lenders
Homes England’s cash injection will be used to turbo-charge production at the firm’s Knaresborough production facility.
It will allow the house builder to hire more local people and scale up capacity by 150% from 2,000 to 5,000 homes a year.
This will make ilke Homes a top 10 house builder.
Funding will see production scaled up from two to eight homes per day bringing down costs
Due to the build quality and airtightness, ilke’s homes are 20% more energy-efficient than traditionally built new builds and create 90% less waste.
Ilke Homes has begun rolling out zero-carbon homes across the country, as the race to net-zero continues to stimulate improved sustainability in the construction industry.
Housing minister Esther McVey 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.”
Back in May, ilke Homes agreed the UK’s largest ever modular housing deal with Places for People for 750 homes.
Recently, ilke Homes launched an onsite academy dedicated to training up a new generation of engineers to manufacture modular homes.