Legal & General Modular Homes (LGMH) and affordable homes provider VIVID have created a joint venture partnership to deliver more than 1,000 highly sustainable, affordable, modular homes over the next five years.
The partners are aiming to deliver up to 300 net zero carbon homes per year, with the first homes due to be completed in 2023.
Rosie Toogood, CEO of LGMH, said: “We are delighted to be working with VIVID. Our partnership brings together two like-minded organisations with shared values and objectives to deliver much-needed high quality affordable homes that will make customers feel safe, comfortable, and enjoy where they live.”
Mark Perry, chief executive of VIVID, added: “I’m delighted that we have signed this joint venture with Legal & General. We are both committed to providing new homes to address the housing shortage and in particular for us where that helps meet our affordable housing ambitions. Their focus on building energy efficient and sustainable homes has to be right given the cost of living and energy crisis people are facing.”
