LEGAL & GENERAL is set to create more than 400 jobs in Yorkshire with the launch of a modular housing business.
Legal & General Capital (LGC) has announced the launch of its modular housing business, Legal & General Homes, which will seek to modernise the home building industry by providing modern, precision engineered factory manufactured houses through its new factory in Yorkshire.
Legal & General Homes has signed a long-term lease with Logicor on a 550,000 sq ft warehouse in Sherburn-in-Elmet, 15 miles east of Leeds, which the company describes as the largest modular homes construction factory in the world. Initially employing 400 to 500 local people, it expects to deliver its first houses from the factory in June.
Paul Stanworth, Managing Director of Legal & General Capital, said: “Sustainable, durable modern materials and proven technology will enable us to create high-quality homes meeting a wide range of housing needs and help solve the UK’s housing crisis. Modern modular housing in the UK has so far been restricted to the top end of the market: the scale of our Sherburn facility will enable many more people to benefit from new, environmentally-friendly construction techniques which have already become mainstream in Europe.”
Tom Ground, chief executive of Legal & General Homes, commented: ”Legal & General Homes aims to deliver a new solution to the problems we face in the UK, addressing the shortage of suitable, affordable and sustainable housing by manufacturing higher quality, energy efficient, lower cost housing.”
Roger Marsh OBE, Chair of Leeds City Region Enterprise Partnership (The LEP) commented: “I am delighted that The LEP was able to play a significant role in securing Legal & General’s investment into Selby. The confidence shown not only brings over 400 jobs to the area, it highlights the strength of the City Region’s workforce within the manufacturing sector and underlines our attractiveness to international investors due to our location at the heart of the UK which ensures easy access to both domestic and global markets.
“The investment, which is the second in the region by Legal & General in the last 12 months following the joint venture with Scarborough Group at Thorpe Park, will also see The LEP and Legal and General work together to help meet the region’s growing housing demands.”
Leader of Selby District Council, Coun Mark Crane, added: “This is a real vote of confidence in the Selby district as a great place for business investment. Our transport links, the availability of affordable business space, and the quality of life here in Yorkshire all contribute to the growth potential of our area. This isn’t just about jobs, this is about housing too and we’re excited by the products that will be made at this site. We’ve been working with Legal & General for some time now, and we’ll continue to do so, to finalise plans for this major investment in the Selby district.”