| Project Detail |
The project will finance the promoters research, development and innovation (RDI) activities in Europe over the period 2023-2025. In particular, such RDI activities focus on the development of efficient manufacturing and construction technologies for sustainable, multi-storey apartment blocks using wooden modules pre-fabricated in an automated factory.
Additionality and Impact
The project helps the company in the further development and market deployment of its prefabricated modular and sustainable construction technology. It contributes to the Banks Innovation, Digital and Human Capital and it qualifies under the EIB Climate Action and Environmental Sustainability policy objective. The project addresses the Invest EU eligible areas as per the Annex II of InvestEU Regulation: area 5, Research, Development and Innovation. This project addresses the sub-optimal investment situations associated with imperfect competition and incomplete markets, by contributing to increase the level of competition and enable the development, adoption and scale up of innovative sustainable construction technologies. It supports RDI for affordable, wood-based prefabricated multi-story construction which is targeting at significant positive knowledge, environmental and climate externalities. The InvestEU quasi-equity financing addresses the market failure of availability of non-dilutive growth capital for fast growing innovative SMEs, allowing the company to continue investing in R&D, creating skilled R&D jobs in the EU and support its growth. The EIBs financing is customised to the companys needs and highly flexible in terms of drawdowns. The EIBs investment is expected to generate a crowding-in effect. The project would not have been carried out (to the same extent) by the EIB without the InvestEU support.
Objectives
The aim to support the development of the promoters innovative and sustainable construction technology, its successful implementation and the growth and innovativeness.
Sector(s)
Industry - Construction
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 94 million |
