The Co-operative Bank has teamed up with afforable housing developer Living Space 21 to offer timber frame eco-friendly and financially viable housing in line with the government’s housebuilding programme.
The government recently announced plans to build three million affordable homes by 2020, with further targets set to reduce the carbon footprint of properties by 25% in 2010.
Homes and apartments built as a result of the joint venture are set to include timber frame at their core in order to keep energy consumption and carbon emissions during construction to a minimum, as well as rainwater collection and solar power systems.
“As helping to minimise the effects of climate change is a key objective at the Co-operative Bank, we are delighted to sponsor Living Space 21,” said Paul Hemingway, head of campaign delivery at the bank.
“We are providing a modern housing option, which is not only affordable to all, but also causes minimal impact to the surrounding environment.”
Afforable studio apartments available through the partnership are set to cost £59,950 excluding land, with self-build kits starting at £19,950.
The Co-operative Bank’s decision to team up with Living Space 21 comes as it marks the 15th anniversary of its ethical policy, which has seen more than £700m loaned to ethical and ecological projects.
