Newspaper article The Journal (Newcastle, England)

Right at Home with Grainger

Newspaper article The Journal (Newcastle, England)

Right at Home with Grainger

Article excerpt

Byline: By Howard Walker

Grainger Trust is known more for being the UK's largest quoted residential property investor than for its environmental awareness but all that could be about to change.

The Newcastle-based group, which owns more than 12,000 properties across the UK, has put almost pounds 1m into a company specialising in `green' building.

SIP Home attracted the investment from Derwent Developments, a subsidiary of Grainger Trust, in return for 49pc of the energy efficient construction firm. Grainger also has first option to buy the remaining shares in the future.

Founded in 2003, Morpeth-based SIP Home was inspired by energy efficient innovation and environmentally friendly technology used in commercial building. The founders ( John Cotterill and Stephen Taylor ( wanted to bring energy efficient technology to the domestic build market, which had stood still for the last 20 years.

SIP Home swaps bricks and mortar for made-to-measure Structural Insulated Panels (SIPs), which comprise a 110mm rigid urethane core, with zero Ozone Depletion Potential, sandwiched between 15mm sheets of orientated strand board.

The panels are built into structures finished to look like any other house, but boast enhanced air tightness and thermal properties to promote an environmentally-friendly, low energy household, minimising the use of non-renewable resources and associated ozone depleting emissions.

The panels are strong, lightweight and versatile and typically enable house structures to be built within days, significantly reducing construction costs, making SIP homes cheaper to build and more cost-effective for house buyers.

SIPs are used as walls and roofs on all types of new build residential projects, small commercial buildings, schools, hospitals and holiday lodges.

The company's potential caught the eye of Grainger Trust and the group invested additional cash to boost the workforce and capital equipment to facilitate future growth. …

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