State-backed modular firm moves into spec housing

The expansion plan means ilke Homes can offer a turnkey service, acquiring land, securing planning, delivering construction through its factory-built modules, and selling to the market.

Last year, the offsite specialist announced a £30m investment from Homes England and a £100m development partnership with Places for People.

It has ambitions to deliver 5,000 homes a year by 2025, a level that would establish the manufacturer as a top-10 housebuilder. Ilke Homes says it has a development pipeline of around 3,200 homes, which has almost trebled from 1,200 homes a year ago.

Miller said: "For Britain to recover quickly from Covid-19, the construction sector needs to be able to respond fast. Having a presence in every region will allow us to support councils and housing associations, which have a real opportunity to speed up their housing delivery with high-quality, eco-friendly homes that can be manufactured and installed quickly, while fully-complying with social-distancing measures.

"Having a turnkey offer - where we acquire land, get consent and supply finished modules - will enable us to support clients who want to bring homes to the market more quickly. The in-house team we've established has huge experience and while there will absolutely be challenging times to come, I am confident we are well-placed to tackle them head-on."