How one company is supporting delivery of 3million carbon neutral, affordable homes over next decade

Published 21/09/2022
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A UK-headquartered real estate advisory business whose main objective is to attract inward investment into the UK, has unveiled the next phase of growth plans which see it support the delivery of over 300,000 new homes annually over the next decade to meet current housing demand.
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The move comes as United Kingdom Development Corporation (UKDC) opens up access to billions of pounds’ worth of UK and foreign investment funds provided by national and international institutional investors, sovereign wealth and private equity.

The Middlesbrough based business, UKDC has a strong focus on offsite construction which cuts the time taken to deliver residential properties by up to 65 per cent while reducing carbon emissions as the government encourages more effective ways to tackle the climate emergency.

The delivery of carbon neutral affordable housing is a priority, according to UKDC, which continues to work with investors keen to support quality, carbon neutral housing developments.

Ummar Hanif, Managing Director of UKDC, said: “We are seeing major technical developments in the quality, scope and scale of UK modular housing coupled with strong demand for new homes. We are delighted to be working closely with Ecotek Homes in a move that will accelerate the delivery of new sustainable and affordable housing projects, right across the UK.

“This will create hundreds of jobs as developments come on stream whilst increasing economic prosperity as investment in property pays dividends for local people, communities and supporting services.”

The initiative follows UKDC’s link up with developer Ecotek Homes, which is adopting smart technology to construct homes that consume 50 per cent less energy – helping to tackle climate challenges in the process.

Stephen Haigh, Founder and Chief Executive at Ecotek Homes, said: “Our relationship with UKDC will support the delivery of new, greener homes across the UK each year, providing a welcome boom as we look to tackle the housing shortfall over the next few years.

“Off-site manufactured housing is changing the face of construction and creating superb homes that are not only sustainable but affordable, contributing significantly to transforming the way we build houses in this country.”

UKDC has already attracted interest from investors as it focuses on its aim of being involved in projects aimed at levelling up the economy and tackling the climate emergency. This includes instructions to advise and work with local authorities and developers throughout the UK and expressions of interest are welcomed.

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