The presenter of Grand Designs, Kevin McCloud, has praised the Government’s approach to housing with its forthcoming White Paper, as he launched a mini-bond to raise £3m for his eco-home building company. HAB Land, of which Mr McCloud is a director, will use the money to acquire land and help develop housing schemes that are located across the West Country and towards the south of England. He said: “I think the Government takes it seriously. For the first time since the recession we have seen a serious commitment to house building. Mr McCloud said: “We want to build high-quality, well-insulated, ecological homes.” The developments include car clubs, electric bicycles and allotments. Buyers can work with the company to customise their new house, and even build part of it themselves. Mr McCloud said the firm aims to build 600 to 800 homes a year by 2020. The mini-bond offers an 8pc return after five years, but investors can exit after two. He said the company was raising money through a mini-bond because it created flexibility, with investments starting from £1,000. The company has already raised £600,000 from early-stage investors.
Telegraph 8th Jan 2017 read more »