A modular housebuilder says the building method is starting to gain momentum as a solution to the UK housing crisis.
Enevate Homes, a national and independent provider of modular homes, has seen turnover increase by 118% this year, from £3.9 million last year to £8.5 million.
Gary Mayatt, managing director of Enevate Homes, said: “Despite the benefits of modular housing, many providers have been loss-making, with momentum stalling and leading to several companies falling into administration last year.
“However, the solution to the UK housing crisis appears to be gaining serious momentum since February this year with significant interest from ministers and housing associations.”
Enevate said it is looking to increase its workforce by 30 to 40 additional employees over the coming months to cater to the influx of new homes and is working alongside the Ministry of Defence and the Career Transition Partnership to give military veterans the opportunity to retrain and join the expanding business.
The company has also appointed a new finance director, Elaine New, and a new digital director, David Philp, to the management team.
Savills’ Impacts Report predicts that the UK is set to see the strongest growth in modular housing in Europe, estimating that the number of homes delivered using modern methods of construction (MMC) will double to 20% by 2030.
MMC trade body, Make UK Modular has calculated that the industry will be able to build 20,000 modular homes by 2025. This would equate to a fifth of the 100,000 annual shortfalls, following government targets of 300,000 new homes a year by 2025 (according to official figures, about 204,500 were built in the year to March 2022).
Mayatt added: “The UK currently delivers just 10% of new homes using modern methods. We expect this to significantly increase in the coming years as we continue to see a pick-up in momentum. In four years’ time, the modular industry will be a significant part of how we deliver homes in the UK.”
