06 Dec 2022
UK’s leading modular housing manufacturer, ilke Homes, is pleased to announce a £100 million equity raise from new and existing shareholders, following successive years of triple-digit growth. The equity funding is the largest-ever raised by a UK modular housebuilder. The new funding will help the company to significantly scale its operations and open a new manufacturing facility, which once operational, will increase ilke’s output capacity to 4,000 homes a year and will create over 1,000 new jobs in the UK. The investment will also allow the company to invest in automating more of its manufacturing processes to further drive productivity.
Founded in 2017, ilke Homes, has been transforming UK’s housing supply chain delivering high quality factory-built energy efficient homes to the mainstream housing market. ilke Homes is now delivering over 1,000 homes a year and has secured a pipeline of over 4,000 homes, putting it on par with some of the UK’s biggest housebuilders.
Giles Carter, ilke Homes CEO, said “Our latest fundraise demonstrates that the private sector is increasingly recognising the investment case for change. With the race to net-zero well and truly underway, the next few years will be a decisive time in the history of housebuilding, so it’s important that true market disruptors are empowered to play a leading role. Having pioneered a zero-carbon, zero energy bills solution in partnership with Octopus Energy and Gresham House, the new monies will allow us to roll out our proven concept across the country and shield consumers from the cost-of-living crisis. By investing to increase our manufacturing capacity, we will also create hundreds of skilled, green jobs.”
Learn more about our investment in ilke Homes.