Ilke Modular’s Meteoric rise to ‘Market Disruptor’


ilke Homes has secured £100 million of new equity investment – catapulting the firm’s modular manufacturing capabilities.  

3d of modular home
by Rory ButlerDecember 6, 2022

Citigroup and affiliates of Fortress Investment Group arranged the funding round, thought to be the ‘largest amount ever raised by a UK modular housebuilder’. 

It follows successive years of triple-digit growth by ilke, amid macroeconomic uncertainty. 

Existing investors  

  • TDR Capital  
  • Sun Capital 

In addition to ramping up operations, ilke intends to open a new manufacturing facility, creating more than 1,000 new jobs and potentially increasing output to 4,000 homes per year. 

Automating more of its manufacturing processes is also a priority. 


Despite being founded just five years ago, ilke has seen its revenue grow by more than 150% annually. It delivers more than 1,000 modular homes a year and has a pipeline of 4,000 more. 

“Our latest fundraise demonstrates that the private sector is increasingly recognising the investment case for change,” said Giles Carter, CEO of ilke Homes. “With the race to net-zero well and truly underway, the next few years will be a decisive time in the history of housebuilding, so it’s important that true market disruptors are empowered to play a leading role.” 

If you enjoyed this article, we also recommend Kier wins £28m redevelopment deal in Bristol 

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