The UK is turning into an ideal testbed for new methods of building. Not only is the country facing a housing crisis, but the construction industry is heavily reliant on EU labour that looks set to feel the squeeze post-Brexit. No wonder, then, that investors are putting substantial sums into companies that aim to create modular houses in factories that can subsequently be assembled on-site, like Lego bricks, using minimal labour.
In April this year, US investment bank Goldman Sachs announced plans to pour £75m into TopHat, a relatively unknown, two-year-old UK startup.
The following month, Japanese housebuilder Sekisui House announced a £90m joint venture with Urban Splash, the Manchester-based developer more commonly associated with turning derelict industrial warehouses, mills and Victorian terraced housing into modern workplaces and homes, and Homes England, a government body that funds affordable housing.
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