Modular homes manufacturer TopHat expects to ramp up production following a decision by US banking giant Goldman Sachs to invest £75m in the business.

Founded three years ago by US businessman Jordan Rosenhaus, the firm kicked off production of modular homes a year ago in its factory in south Derbyshire.

TopHat will be delivering an unspecified number of two- to three-bedroom terraced houses and three- to five-bedroom town houses to a development in Chatham, Kent, called Kitchener’s Barracks, which was originally built in the 1750s.