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.
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An eco-housing scheme set up by Grand Designs presenter Kevin McCloud has gone bust with investors losing £2.4millionCredit: Getty
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.
![](https://www.thesun.co.uk/wp-content/uploads/2024/06/newspress-collage-d81yenb37-1718380072897.jpg?1718383690&strip=all&w=360&h=240&crop=1)
![](https://www.thesun.co.uk/wp-content/uploads/2024/06/corrie-itv-logo.jpg?1718563255&strip=all&w=360&h=240&crop=1)
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.”
Grand Designs’ ‘largest ever’ home ‘big enough to park four fire engines’ for sale – after Kevin McCloud slammed plans
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