Salboy has formally launched its in-house construction arm to the wider market, marking a shift beyond delivering projects solely for the group’s own developments.
The Manchester-based developer and funder, founded by Betfred owner Fred Done, said Salboy Construction will now take on work for third-party developers, funders and housing associations across the UK.
Salboy Construction was set up as a standalone company within the wider Salboy group in April 2024 but has, until now, focused on building its team, systems and delivery track record while working exclusively on Salboy-backed schemes.
The business was established in response to growing challenges in the residential construction market, including rising build costs, limited contractor capacity and heightened programme risk, all of which have slowed housing delivery across the country. Its remit has been to step in on complex, time-critical and distressed schemes where traditional procurement routes have struggled.
In under two years, Salboy Construction has expanded to a team of 16 construction professionals, including project managers, quantity surveyors and procurement specialists.
To date, the contractor has delivered 120 homes and currently has a further 139 units under construction across Greater Manchester, Cheshire, London, Cornwall, Lincolnshire and Staffordshire. Completed and live schemes include new-build housing in Wandsworth, Tuckingmill in Cornwall and Tean in Staffordshire, as well as the takeover of a stalled 70-home site in Lincolnshire and the reset of two distressed urban projects in south London.
The business has also completed a 77-home affordable housing scheme in Cornwall and has recently started work for three registered providers, highlighting demand from housing associations operating in increasingly cost-constrained markets.
Salboy chief financial officer Andrew Cavanagh said the growing difficulty of securing capable contractors was increasingly holding back otherwise viable housing schemes, prompting the group to open its construction arm to a broader client base.
