Marc Vlessing aims to transform UK housing market with modular homes

Marc Vlessing, chair of Pocket Living, is focused on addressing the UK housing crisis by developing affordable modular homes. The company has constructed 1,280 homes and plans to build an additional 400 in the coming years. Vlessing emphasizes the importance of government support, including public land and funding, to achieve the ambitious goal of 1.5 million new homes set by the Labour government. However, he notes the challenges faced by smaller developers in navigating local politics, which complicates expansion outside London. Despite the company's growth in turnover, Pocket Living has faced financial difficulties, reporting a pre-tax loss of £13.9 million in 2022. The firm initially relied on modular construction but has encountered issues with suppliers, leading to a decline in modular home production. Vlessing highlights the need for a national body to oversee building inspections to prevent tragedies like the Grenfell fire, which claimed 72 lives. Vlessing's background in finance and his experiences in the housing market have shaped his commitment to creating affordable living spaces. He believes that the decline of small UK firms has hindered the housing sector, as larger builders struggle to find skilled executives. The recent slowdown in the housing market, attributed to post-Covid challenges and rising costs, has further complicated the situation for developers. As Pocket Living continues to navigate these challenges, Vlessing remains optimistic about the potential for a housing renaissance in the UK, driven by innovative solutions and a focus on community needs.