TopHat says Corby facility will be biggest in Europe 

Goldman Sachs-backed modular housebuilder TopHat is to open a second factory, which it says will be the biggest in Europe.

The new factory promises to produce 4,000 homes every year and use the latest robotics. TopHat also says it will create 1,000 jobs across a range of roles and a training academy.

BoKlok TopHat 1

A TopHat scheme with Ikea-backed housebuilder BoKlok

The factory, to be located in Corby, Northamptonshire, will be 650,000 sq ft, with the homes it produces expected to be zero-carbon.

This is TopHat’s second factory, in addition to its existing facility in Derby which can produce up to 800 homes a year.

TopHat’s investment comes after private investors and the government have thrown their weight behind modern methods of construction, with TopHat having benefitted from £75m of funding from the US investment bank in 2019.

Construction on the factory is expected to begin later this year and start producing its first homes by the end of next year. The business declined to say how much it will be investing in the facility.

It will be the anchor tenant in a new Magna Park site in Corby being developed by global logistics development manager GLP.