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    € 40,000,000
    Austria : € 9,200,000
    Germany : € 30,800,000
    Industry : € 40,000,000
    Signature date(s)
    21/12/2023 : € 9,200,000
    21/12/2023 : € 30,800,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    25 March 2024
    Signed | 21/12/2023
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 94 million

    The project will finance the promoter's 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.

    The aim to support the development of the promoter's innovative and sustainable construction technology, its successful implementation and the growth and innovativeness.

    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 Bank's 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 EIB's financing is customised to the company's needs and highly flexible in terms of drawdowns. The EIB's 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.

    Environmental aspects

    The RDI activities will be carried out in the company's existing facilities, therefore, there are no significant negative environmental impacts expected. Environmental aspects will be assed in detail during the appraisal.

    The promoter is a private company not operating in the utilities sector and does not have the status of a contracting authority. It is thus not subject to EU rules on public procurement.

    Under appraisal
    21 August 2023
    21 December 2023
    Related projects
    Link to source
    Summary sheet


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - GROPYUS (IEU GT)
    Publication Date
    28 Mar 2024
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
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