Already a director in Cambridge-based Project Etopia, Lord Fink has upped his investment in the firm from £3m to £7m
Former Conservative Party treasurer Lord Stanley Fink has been named chair of modular homes firm Project Etopia.
Already a director in the Cambridge-based firm, the Tory life peer (pictured) and former hedge fund boss has upped his investment in Project Utopia from £3m to £7m, according to the company.
Describing Fink's role as "hands-on", Project Etopia said the multimillionaire would help the firm ramp up its activities in offsite construction.
Project Etopia's chief executive, Joseph Daniels, said having Fink's financial backing was a "coup" and having him on board as a fully-fledged executive was "an opportunity no entrepreneur in their right mind would want to miss".
Fink said he was "utterly convinced" that offsite construction would prove to be a major part of solving the housing crisis in the UK.
"Etopia's challenge will be to keep pace with demand and forge a path as a world leader in modern construction methods," Fink added.
Project Etopia is set to launch a modular village in Corby, which saw four homes put up in 34 days, while in March it revealed it had started producing homes at a new factory in Cheshire which it jointly operates with panellised construction system 4wall.
As well as Etopia, Fink's business interests include directorships at real estate investment firm Gencore, while he holds shares in a range of companies including Disney, the Swatch Group and asset management firm Hay Hill Wealth Management.
