Reuben Brothers invests £19m in Project Etopia
Reuben Brothers has invested £19m in modular housebuilder Project Etopia to accelerate its expansion and development plans.
This is the largest investment yet received by the offsite construction firm.
A spokesperson for Reuben Brothers said: “Project Etopia has set out its stall in building elegantly-designed, high quality eco homes and is already demonstrating how its vision aims to make a big impact to address the UK’s housing crisis.
“The company has enormous ambition to revolutionise the housing industry, and we are pleased to support an important pioneer in the sector.
“The day when offsite construction arrives as a mainstream method within house building is drawing ever closer and our investment will provide Etopia the resource needed to deliver on its goals as soon as possible.”
Joseph Daniels, chief executive of Project Etopia, added: “Reuben Brothers’ significant investment in Project Etopia is a huge endorsement by an eminent investor of what we are doing and marks an enormous milestone in the company’s history.
“There is no place for poor quality housing in the UK, and we are demonstrating that high-quality affordable housing can be built at great speed with a drastically smaller environmental footprint.
“With a growing pipeline of future projects, this latest investment will ensure we can take full advantage of the demand which exists for new homes that use the latest offsite techniques.”