Grand Designs presenter Kevin McCloud’s eco-housing scheme goes bust with investors losing £2.4million
AN eco-housing scheme set up by Grand Designs presenter Kevin McCloud has gone bust with investors losing £2.4million.
McCloud, 65, encouraged the public to put cash into his Happiness Architecture Beauty firm with promises of annual returns of nine per cent.
But the bond scheme collapsed in 2019, with liquidators now confirming that 280 investors will get nothing back — each losing between £1,000 and £210,000.
HAB Land was set up in 2014 for building projects in Winchester and Oxford.
HAB Land Finance was created two years later to raise funds.
Both have collapsed.
McCloud, who quit as a director of HAB Land in 2018, was owed £52,613.
He said: “I am saddened to hear about the liquidation outcome of HAB Land.
“As a significant investor myself, I understand how difficult this news is for all the HAB Land investors to receive.”