nHouse, a new modular housing brand designed by architect Richard Hywel Evans, has launched an equity crowdfunding campaign on Crowdcube, seeking £495,000 to finish its prototype and secure its global intellectual property rights.
According to the company, the ‘n’ in its name stands for new, is an innovative offsite-constructed home. Each of its houses use ‘Grand Designs’ styling to offer a tech enabled feature rich, green and spacious rival to poorly designed kit houses and space restricted new builds. The nHouse noted it aims to form part of the solution to the UK’s housing problem and is in talks with major developers to supply thousands of homes over the next five years. Founder Hywel Evans stated:
“Thanks to the advent of new materials like Cross Laminated Timber, new technology and the support of the banks in providing mortgages this sector has now reached a tipping point. From my desk, I can use my computer to instantly instruct precision saws in a house building factory to cut wooden house panels to within a millimetre of my exact requirements. That simply isn’t possibly on a building site. If the Japanese can make 140,000 homes a year, just for the city of Tokyo this way, then there is absolutely no reason we can’t boost UK home building.”
Construction boss Mark Farmer also commented:
“I tried to say it (in the report) in as stark terms as possible – to get people to sit up and take notice. The construction industry needs to modernise or die. If you buy a new car, you expect it to have been built in a factory to exacting standards, to be delivered on time, to an agreed price and to a predetermined quality. This needs to happen more in construction.”
Since its launch, nHouse’s Crowdcube campaign has secured over £200,000 from nearly 175 investors. It is set to close late-August.
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