Reserved Amount = € 0,00
Reserved Amount = € 0,00
Higher energy efficiency: the light steel construction structures bear thicker insulation layers compared to traditional construction materials (such as brick and cement), which leads to more heat-efficient buildings, meaning lower energy costs in heating and cooling. Moreover, the production of these structures requires 70% less energy than traditional materials.
Contribution to the decarbonization of the economy: the new manufacturing unit will be autonomous at an energy level. The installed solar panels shall have a power of 400kW, generating 632MWh of clean energy per year, and avoiding the emission of 163 tonnes of CO2 per year. At the same time, the production of light steel is responsible for lower CO2 emissions in comparison to traditional materials.
Promotion of a circular economy: light steel can be recycled through fusion to create other steel products. The material is thus almost entirely recyclable, which results in much less waste ultimately ending in landfills when compared to other construction materials. It is therefore one of the construction materials with greater environmental awareness.
Reduced impact on the construction site: the light steel structure can be raised at the site with minimum impact since it reduces the total amount of land that needs to be excavated. In addition, in light steel construction, each piece is designed and created at the factory with a specific purpose in mind within the building under construction it destined to, which ultimately reduces the production of waste.
Job creation: twelve new positions will be created by 2023 in Portalegre, on top of the seven new roles created so far.
The project will promote the growth of the local economy of Portalegre, a district with a high unemployment rate and where the local job market is saturated, through the creation of new job positions, as well as the affluence of collaborators to local establishments for consumption and the increased demand for materials to support the plant operations.
Ba Ba Ba Global Services is a Portuguese company based in Castelo Branco. This is the promoter's third campaign with GoParity aimed at co-financing the construction of a 6.000 m2 light steel frame manufacturing plant in the industrial park of Portalegre, a Portuguese region with a very high unemployment rate.
The project will have a total investment of € 4.8m, accounting for construction works (€ 1m), production equipment (€ 2.8m), auxiliary equipment (€ 990,000), and other costs (€ 61,000). The promoter is now waiting for the building permit to be emitted by the City Hall of Portalegre in order to start the construction works, which is expected to happen next April.
The Light Steel Framing is an ecological building construction system in which steel is the main structural material. The steel structure is coated both externally and internally with high-quality industrialized elements which give the final product comfort, durability, and safety, with much lower environmental impact than traditional construction materials, such as brick or cement, once, among other things, all the pieces are custom made, lowering waste.
The project has a total investment value of € 4.8m, of which € 969,000 will be financed using the promoter’s own capital; € 3.455m through the SI Inovação scheme, an incentive program promoting business innovation, part of the nation-wide Portugal 2020 program, a loan which is repayable in 8 years, interest-free and has a 2 year grace period. The remaining € 422,000 will be financed through GoParity campaigns.
The incentive provided by the SI Inovação scheme was approved in December 2019 and the release of the funds is conditional on the possession and licensing of the land where the plant will be constructed.
The land, valued at € 1m, has already been acquired by Ba Ba Ba Global Services, Lda. and the licensing has recently been approved by the City Hall of Portalegre.
Payments Status: On time