Investor pumps another £30m into low carbon builder

M&G Investments has injected another £30m of funding into Greencore Homes.
The house builder specialises in constructing low carbon homes using timber frame panels manufactured at its factory in Bicester.
M&G acquired a majority stake in the firm in 2022 for £15m.Latest accounts for Greencore for the year to May 31 2023 show a pre-tax loss of £4m from a turnover of £579,800.
The company said the new funding will initially go towards land acquisitions as it aims to