Prefab Homes To Help British Housing Crisis
Britains housing crisis has brought the China National Building Material Company (CNBM) in to use it’s industrial power in a £2.75bn joint venture with UK housing association, Your Housing Group (YHG) based in Warrington and renewable energy supplier, Welink.
This partnership is planned to help ease the massive under supply and demand for affordable homes.
1000 jobs will be created in six factories which will make 25,000 prefabricated,solar powered, low carbon, energy efficient homes per year by 2022 using Spanish technology.
Uk’s Department for International Trade has endorsed this deal with the Chinese State owned CNBM investing £2.5bn, and housing association YHG £250m.
Five pilot schemes are planned to deliver 2,000 homes next year before the factories are built, with the panels for these homes supplied by Barcelona Housing Systems. The first scheme is due to get planning permission for Liverpool in January.
It is thought the project will be able to get the cost of construction down to just £400 per square metre once the economies of scale and production have kicked in. This is down from an initial projected cost of £1,000 per square metre
The figure of 25,000 new homes per year is still some way short of the 250,000 required just to meet UK demand without putting a dent in the shortfall of home building in the last 20 years.
Ajmal Rahman, chairman of Welink Group said, “Our partnership comes at a time when the UK’s housing shortfall is only going to be addressed by radical innovation in building practices which opens the way for modular housing. This joint venture will give a significant kick start to delivering the new homes people need across the UK which includes helping to address fuel poverty issues through our incorporated solar and energy efficient design, meaning our developments can be at least 75% off grid. Furthermore, British produced light gauge steel framing will help keep our carbon footprint to a minimum.”
Article Taken from Property118.com