Modular housebuilder Ilke Homes has raised another £60m as it aims to deliver 10,000 homes a year over the next five years.

Ilke Homes is to build 622 modular homes for Boots on a brownfield site that was once part of the chemist’s headquarters in Nottingham.

Three offsite manufacturers – Ilke Homes, Impact Modular and TopHat – will share a £600m framework to build more than 5,000 over the next five years.

Both Sir Robert McAlpine and Laing O’Rourke have improved the time it takes them to pay their suppliers, as new reports for some construction firms were published. Laing O’Rourke Construction…