Modular home builder ModnPods’ has received a funding boost through the Queensland Government’s Government’s $100 million Business Investment fund that will allow the Gold Coast-based company to more than double the size of its Arundel manufacturing facilities.
Making the announcement, Treasurer and Minister for Trade and Investment Cameron Dick said the investment would fuel ModnPod’s growth into a range of new markets and help create more than 100 new jobs over the next three years.
“ModnPods ‘tiny homes’ are so popular that the company is having trouble keeping up with demand,” the Treasurer said.
“The current constraints facing the housing sector have emphasized the need to be innovative when it comes to how homes are built.
“With faster completion time, greater flexibility, reduced waste output and lower costs, modular manufacturing is gaining popularity around the world as an alternative to traditional construction methods.
ModnPods manufactures prefabricated modular pods that can be used for essential worker accommodation, holiday parks, social housing, and home offices.
They also incorporate high-energy standards which can reduce gas and electricity bills.
“This investment will allow ModnPods to increase their manufacturing capacity to around 200 pods per year, increasing the size of their Arundel factory to 6,000 square metres,” Mr Dick continued.
“That means ModnPods can diversify its customer base, accelerating its expansion beyond homes and commercial offices into eco-tourism, social housing, First Nations housing, specialist disability accommodation and school music pods.”
ModnPods Founder John Christie said the company was experiencing “significant demand from the commercial sector”.
“Even with our continuing strong residential pod sales, rising demand in the commercial space is seeing our market demand by enterprise clients represent 80 per cent of our forward order business,” Mr Christie said.
ModnPods CEO, Mr Daniel Abrahams, commented: “The support of the Queensland Government is enabling us to continue expanding our manufacturing capacity and create more local jobs.”
