L&Q has announced plans to deliver all of its new build homes using some form of modern methods of construction (MMC) by 2025.
The provider, which last week (31 January) revised down its forecast surplus for the year ending March 2019 by £150m in an update the financial markets, told Social Housing that the rising cost of construction had contributed to a £50m reduction in forecast sales profits.
L&Q has now said that it plans to deliver all of its new build homes using some form of MMC by 2025, and that by 2028 it aims to place its first entirely offsite manufactured home on a site.
Next month, L&Q will launch its first range of pre-built product designs, including bathroom units and balconies, which will then be produced next year. Later in the spring, it will build its first offsite manufactured homes outside of London.
Fiona Fletcher-Smith, group director of development and sales at L&Q, said: “To achieve large volumes of building, while still maintaining quality, we needed to innovate.
“Offsite offers a world of exciting possibilities – faster build programmes, improved build quality, tackling the skills shortage and reduced project costs. Some people get nervous when they hear a part of their home has been built in a factory.
“But it actually guarantees better quality, because these are better environments for assembling and building in than the harsh outdoor climate.”
She added: “Ultimately, we believe this will be better for our customers. Their homes will be better quality, more cost effective, built faster whilst still holding the benefits of traditionally built homes.”
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