UP TO 500 jobs are to be created in Yorkshire after Legal & General Capital announced the launch of its modular housing business.
Legal & General Homes plans to modernize the home building industry by providing precision-engineered houses through its new factory.
|Typical of what L&G wants to build in their new factory|
The factory will initially employ 400 to 500 people and it expects to deliver its first houses from the factory in June.
LGC said that it had assembled a team of experts from around Europe and had been gathering market intelligence on different building systems.
It has reportedly invested $60 M into the enterprise and plans to make 3,000 houses a year that are completely fitted out in the factory – carpets, curtains and all. Despite the factory context, the houses will all be bespoke, LGC said, although with standardised componentry.
Roger Marsh, chairman of Leeds City Region Enterprise Partnership (LEP) said: "The confidence shown not only brings over 400 jobs to the area, it highlights the strength of the City Region’s workforce within the manufacturing sector and underlines our attractiveness to international investors due to our location at the heart of the UK which ensures easy access to both domestic and global markets."
Legal & General Homes says the technology has been proven across Europe, where off-site manufacturing of housing is increasingly commonplace.
Paul Stanworth, managing director of Legal & General Capital, added: "Sustainable, durable modern materials and proven technology will enable us to create high-quality homes meeting a wide range of housing needs and help solve the UK’s housing crisis.
"Modern modular housing in the UK has so far been restricted to the top end of the market: the scale of our Sherburn facility will enable many more people to benefit from new, environmentally friendly construction techniques which have already become mainstream in Europe."
The homes can be tailored to meet customer’s designs and needs, and range from 20-story apartment blocks to rows of terraced, semi-detached and detached houses.