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.

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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.

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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."