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Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
After an apparent false start, Rosie Toogood says the firm’s ambition to transform the housebuilding industry by creating a superior product that can be delivered at scale is finally taking shape
L&G’s modular housing business announced last month that it was taking on 350 people this year as it starts to accelerate production following years spent getting the much-heralded business out of the starting blocks.
Set up by the insurance giant in 2016 with a brief nothing short of solving the housing crisis, L&G Modular initially promised that it would be up and running within six months. However, just over five years and more than £100m of losses later, the business has only one completed scheme to boast of, for Silva Homes, comprising just eight finished houses.
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