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This month, Simone Hindmarch of Commercial Group…

A Middlesbrough-based real estate advisory firm is opening up access to billions of pounds of funding to accelerate the creation of new housing projects.

United Kingdom Development Corporation (UKDC) is using funds from UK and foreign investors, sovereign wealth and private equity to help meet demand for its services in the modular housing sector.

The company is advising clients on the development of new homes, manufactured offsite, to increase the amount of affordable housing available.  

It will provide funding and work with land owners and developers who have secured planning permission for sites.

Ummar Hanif, managing director of UKDC, said: "We are seeing major technical developments in the quality, scope and scale of UK modular housing coupled with strong demand for new homes. We are delighted to be working closely with Ecotek Homes in a move that will accelerate the delivery of new sustainable and affordable housing projects, both in the North of England and across the wider UK.

"This will create hundreds of jobs as developments come on stream and economic prosperity as investment in property pays dividends for local people, communities and supporting services."

Ecotek Homes is adopting smart technology to construct homes that consume 50 per cent less energy.

Stephen Haigh, founder and chief executive at Ecotek Homes, added: "Our relationship with UKDC will support the delivery of new, greener homes each year, providing a welcome boom as we look to tackle the housing shortfall over the next few years.

"Off-site manufactured housing is changing the face of construction and creating superb homes that are not only sustainable but affordable, contributing significantly to transforming the way we build houses in this country."

Alice Bird, Digital Staff Writer T: 0161 907 9731 E: alice.bird@newsco.com

Tom Allport, Business Development Manager T: 07377 664841 E: tom.allport@newsco.com

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