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Low Carbon Accelerator, a listed firm specialising in sustainable investments, yesterday invested £325,000 in sustainable development firm Living Villages. The investment means that their stake in the company has risen to 20%.
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Founded in 1993, Living Villages is an initiative to build eco-friendly, low-carbon housing with a "sense of place". Thus far, the company has successfully built "The Wintles" in Shropshire - a village in Bishop's Castle. Having done so, the company is looking into other projects within the UK.
According to its website, Living Villages covers the following areas:
| Initial eco-build concepts and objectives for development sites | ||
| Achieving environmental and social benefit through good and appropriate design | ||
| Assessing the viability of the project, producing a business plan and getting funding | ||
| Presenting the case to local authorities, Planners, Highways and Development Control | ||
| Marketing the project, publicising it and making sure that it achieves its objectives. |
Hugo Reeve, Managing Director of Living Villages, said: "This new investment should help keep Living Villages at the forefront of low carbon housing development. While it is great to see this so high on the political agenda, we have to make sure Gordon Brown's "eco-towns" are actually delivered, rather than just talked about with grand visions and ideals. It is the delivery that is the hard bit, linked to financial reality, high construction costs, and emerging technologies. Living Villages is one of the few developers that has successfully delivered a community of eco-homes, and is set to expand nationally."
Low Carbon Accelerator seems very confident of the company's success. The company listed on the Alternative Investment Market (AIM) last October, raising £44.5 million.
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