L&G Modular has been named preferred developer for the net-zero Canalside South scheme in Wolverhampton. It will be built on a former industrial site next to the Wyrley and Essington Canal as well as the Birmingham Main Line Canal. Wolverhampton Council and its partner the Canal & River Trust selected L&G Modular for the 17-acre site. This was following a tender process managed by consultant Avison Young.
The homes will be built on land on the eastern outskirts of Wolverhampton’s central business district. They will be combining the former Crane Foundry site, owned by the Canal and River Trust, and the council’s former British Steel site. Both have been brought together with the goal of delivering a comprehensive redevelopment.
Every home in the net-zero Canalside South scheme in Wolverhampton will come standard with an air source heat pump, PV panels. Furthermore, they have an EV charging point. L&G claims that each house will be 60% more efficient to run for the homeowner than a standard Building Regulations-compliant new build home.
Canalside South scheme in Wolverhampton
The agreement means that L&G Modular now has a development pipeline of over 1,000 homes. Additionally, several schemes are in various stages of planning, construction, and completion across England. The company was founded in 2016 and operates a 550,000-square-foot factory in Yorkshire. It has lost £137 million since its inception. However, it is backed by its parent, the £10.3 billion turnover insurance conglomerate L&G.
Rosie Toogood, CEO of Legal & General Modular Homes, expressed her “delight” at the company’s selection as preferred developer. “In the face of a chronic housing shortage, steep energy bill increases, and a looming climate crisis deadline,” she explained. “Our mission is to reduce costs to consumers and the environment. This is by producing the best quality homes in the most efficient way possible.”
“We have now secured a prestigious developer with the expertise to convey this large and amazing advantage at Canalside South. We are determined to realise full potential for the net-zero Canalside South scheme in Wolverhampton. This is through our Canalside Delivery Partnership with the Canal & River Trust, ” said Stephen Simkins, Wolverhampton council deputy leader and cabinet member for city economy.