Govt Reveals £30m Yorkshire Construction Boost

Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E.

Burflex House, Clay Street, Hull, East Yorkshire, HU8 8HA E.

Govt Reveals £30m Yorkshire Construction Boost

Govt Reveals £30m Yorkshire Construction Boost

Demand for scaffolders in Hull and construction companies throughout Yorkshire could increase exponentially over the next few years, after the government announced a huge cash injection for the county’s homebuilding sector.

Housing minister Esther McVey has revealed Yorkshire will receive £30 million for its Construction Corridor, which will go towards building firms to pursue large-scale housing development plans.

Homes England will invest in construction factories, such as ilke Homes’ facility in Knaresborough in North Yorkshire. This will help the company increase the number of modular homes it produces from 2,000 in 2020 to 5,000 per year by 2025.

Ms McVey stated this investment is important for Yorkshire, as “the North of England has the potential to lead the world in the modern methods of construction that are transforming home building”.

She stated this is because the industry could be worth £40 billion a year and be responsible for 80,000 jobs. Therefore, it is the government’s job to “fully embrace this” and take advantage of the opportunity the northern county could provide.

By spending money on ilke Homes’ factories, this could make the north of England one of the most important areas in the world for the production of green newbuild homes.

This is because its houses are 100 per cent more energy-efficient than typical British properties. The energy costs to run one of these homes would be half of an average UK residence, helping those who purchase the asset, as well as the government’s carbon goals.

Furthermore, producing parts in a factory setting enables the construction company to provide high-quality and consistent properties, which will make them more appealing to purchasers, as well as developers and investors.

Ms McVey commented that the Construction Corridor is “front and centre of building the homes we need”, and could change housebuilding for the future.

“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,” she went on to say.

This announcement could help the government achieve its ambitious goal of delivering 300,000 new homes per year by the mid-2020s.

Last week, the housing minister revealed her intentions to create a centre of excellence in the north for Modern Methods of Construction, which is designed to develop faster, more efficient techniques for housebuilding that will support the government with its target.

Chief executive at Homes England Nick Walkley said: “Modern methods of construction offer enormous benefits to housebuilding and this deal will have a transformational effect on ilke Homes’ production.”

Plans to boost house construction in Yorkshire are already in place, as Linden Homes announced just last month revealed its 900-property development in Beverley is now underway.

The developer is already working on the first 34 properties, marking the first phase of its ambitious South Minister Pastures project.

The two, three and four-bedroom residences will be located on an 90-acre site in Beverley South in East Yorkshire, and are expected to be ready to move in by the beginning of 2020.