Projects

CLARA

100,0% €50.000,00 of €50.000
100% Funded
12 mth

term

5.2%

a year

C+

rating

rural_development

Rural development

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

9. Industry, Innovation and Infrastructure

SDG 9. Industry, Innovation and Infrastructure

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

Collaborative workspace for rural development in Portugal.

Impact

Regionally anchored and internationally connected, CLARA’s vision is to bridge the gap between the urban and the rural and create shared values. Promoting dialogue, experimentation, research, innovation and the transfer of knowledge, they want to challenge patterns of thinking and behaviour, and explore contemporary solutions for the revitalisation of low density regions, while integrating, involving and empowering the local community, embracing their skills, perspectives and traditions. 

The goal of the project is to develop the Odemira region while attracting people there and creating new job opportunitiesBy restoring ecosystems, investigating and promoting the region's full potential and expanding its cultural offer, they want to improve local living conditionssupport artists and designers and attract more visitors, new residents, talent and investments to the region.  

Transforming a derelict brick factory that once served as an economic and social anchor for the region into a Centre for Rural Future, they host activities that promote eco living, cultural activism and ethical tourism. 

The whole rehabilitation process will be sustainablestarting from the planning to the constructionproduct development and contemporary design. Everything is based on innovative materials and processes and sustainable techniques. For example, hot water is supplied by a solar system and food supplies are organic and preferably bought from local producers. 

Project Information

While Odemira is the municipality with the largest territory in Portugal, its interior has one of the lowest population densities in Europe. The CLARA project aims to reverse these negative trends, through the restoration and reconstruction of a brick factory, which previously acted as an anchor for economic and social activity in the areaThe aim of the project is to give back to the population of thAlentejo region, where Odemira is located, transforming a derelict factory that once served as an economic and social anchor for the region into a Centre for Rural Future. CLARA is a collaborative workspace for research, training and innovation, promoting a creative environment where people live and work together for a specified period of time, stimulating the debate on local issues and encouraging the commitment of all involved. The loan will allow CLARA to turn this project into a reality. Also, it is backed by a co-financing contract from 'Turismo de Portugal', which is committed to refunding CLARA 50% of their expenses. 

 

In the first construction phase, it is necessary to install infrastructures and equipment to accommodate residents. The construction of the equipment is an architectural project and construction of the Collective Warehouse for CLARA. Partners of the project are Sustainable Construction Portal and the Circular Economy Portugal. 


100% Funded
12 mth

term

5.2%

a year

C+

rating

rural_development

Rural development

8. Decent Work and Economic Growth

SDG 8. Decent Work and Economic Growth

9. Industry, Innovation and Infrastructure

SDG 9. Industry, Innovation and Infrastructure

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

Collaborative workspace for rural development in Portugal.

100,0% €50.000,00 of €50.000

Impact

Regionally anchored and internationally connected, CLARA’s vision is to bridge the gap between the urban and the rural and create shared values. Promoting dialogue, experimentation, research, innovation and the transfer of knowledge, they want to challenge patterns of thinking and behaviour, and explore contemporary solutions for the revitalisation of low density regions, while integrating, involving and empowering the local community, embracing their skills, perspectives and traditions. 

The goal of the project is to develop the Odemira region while attracting people there and creating new job opportunitiesBy restoring ecosystems, investigating and promoting the region's full potential and expanding its cultural offer, they want to improve local living conditionssupport artists and designers and attract more visitors, new residents, talent and investments to the region.  

Transforming a derelict brick factory that once served as an economic and social anchor for the region into a Centre for Rural Future, they host activities that promote eco living, cultural activism and ethical tourism. 

The whole rehabilitation process will be sustainablestarting from the planning to the constructionproduct development and contemporary design. Everything is based on innovative materials and processes and sustainable techniques. For example, hot water is supplied by a solar system and food supplies are organic and preferably bought from local producers. 

Project Information

While Odemira is the municipality with the largest territory in Portugal, its interior has one of the lowest population densities in Europe. The CLARA project aims to reverse these negative trends, through the restoration and reconstruction of a brick factory, which previously acted as an anchor for economic and social activity in the areaThe aim of the project is to give back to the population of thAlentejo region, where Odemira is located, transforming a derelict factory that once served as an economic and social anchor for the region into a Centre for Rural Future. CLARA is a collaborative workspace for research, training and innovation, promoting a creative environment where people live and work together for a specified period of time, stimulating the debate on local issues and encouraging the commitment of all involved. The loan will allow CLARA to turn this project into a reality. Also, it is backed by a co-financing contract from 'Turismo de Portugal', which is committed to refunding CLARA 50% of their expenses. 

 

In the first construction phase, it is necessary to install infrastructures and equipment to accommodate residents. The construction of the equipment is an architectural project and construction of the Collective Warehouse for CLARA. Partners of the project are Sustainable Construction Portal and the Circular Economy Portugal. 


Project Earth - Valorização Sustentável de Regiões de Convergência

Active since
2017
Operating in
Odemira
Industry
Arts & Culture
GoParity Loans
1
About Project Earth - Valorização Sustentável de Regiões de Convergência

In 2008, after having discovered the old factory and realising its full potential, Diogo and Mariana Dias Coutinho bought the complex. Together, with a group of people who shared their thoughts, concerns and ideas, they created Project Earth (full name: Project Earth- Associação para a Valorização Sustentável de Regiões de Convergência), a non-profit association, with the purpose of developing the potential of the factory by pooling forces, developing strategies to combat the social and economic problems that slowly deteriorate rural areas and make them attractive to future generations again. Project Earth quickly attracted a growing group of artists, designers, architects, psychologists, researchers and thinkers from Portugal who face the challenge of transforming rural areas. A month after it was founded, the Portuguese Ministry of Culture recognised Project Earth as an Association of Cultural Interest.

The Business Model

Project Earth is a non-profit association, fully dedicated to the development of CLARA. The association’s revenues mainly come from the events hosted and organised by CLARA and public subsidies for culture and rural development. CLARA is based in Odemira, Portugal and its goal is to carry out activities such as residences, cultural events, workshops and conferences encompassing many different art disciplines mainly for the locals in the Alentejo region. It is also a collaborative workspace for research, training and innovation, promoting a creative environment where people live and work together. They want to improve local living conditions, support artists and designers and attract more visitors, new residents, talent and investments to the region.

Track Record

CLARA is a brick factory, bought by Diogo and Mariana Dias Coutinho in 2008. In the same year, they created a non-profit association, Project Earth, fully dedicated to the development of CLARA.  

In 2017 they secured its first milestone in the government program for the Valuation of Tourism in the Interior in the amount of € 400,000. At the beginning of 2019, they entered the first phase of their application to the European Horizon 2020 Program and in the same year they have received financing for its activities from the Portugal 2020 program. Our risk assessment classifies the promoter with C+. 

In August 2019, CLARA hosted its first international event. HOLIS Summer School gathered 24 participants together from 10 countries who worked in 4 interdisciplinary teams to develop functions and activities alongside business models that will help the centre to revitalise the economic and social fabric of the Odemira region in Portugal. 

Promoter Rating: C+

Guarantees

This project was partially funded with an amount of 400.000€ by the programme Valorizar from Turismo de Portugal. 

Project Earth - Valorização Sustentável de Regiões de Convergência

Active since
2017
Operating in
Odemira
Industry
Arts & Culture
GoParity Loans
1
About Project Earth - Valorização Sustentável de Regiões de Convergência
In 2008, after having discovered the old factory and realising its full potential, Diogo and Mariana Dias Coutinho bought the complex. Together, with a group of people who shared their thoughts, concerns and ideas, they created Project Earth (full name: Project Earth- Associação para a Valorização Sustentável de Regiões de Convergência), a non-profit association, with the purpose of developing the potential of the factory by pooling forces, developing strategies to combat the social and economic problems that slowly deteriorate rural areas and make them attractive to future generations again. Project Earth quickly attracted a growing group of artists, designers, architects, psychologists, researchers and thinkers from Portugal who face the challenge of transforming rural areas. A month after it was founded, the Portuguese Ministry of Culture recognised Project Earth as an Association of Cultural Interest.
The Business Model

Project Earth is a non-profit association, fully dedicated to the development of CLARA. The association’s revenues mainly come from the events hosted and organised by CLARA and public subsidies for culture and rural development. CLARA is based in Odemira, Portugal and its goal is to carry out activities such as residences, cultural events, workshops and conferences encompassing many different art disciplines mainly for the locals in the Alentejo region. It is also a collaborative workspace for research, training and innovation, promoting a creative environment where people live and work together. They want to improve local living conditions, support artists and designers and attract more visitors, new residents, talent and investments to the region.

Track Record

CLARA is a brick factory, bought by Diogo and Mariana Dias Coutinho in 2008. In the same year, they created a non-profit association, Project Earth, fully dedicated to the development of CLARA.  

In 2017 they secured its first milestone in the government program for the Valuation of Tourism in the Interior in the amount of € 400,000. At the beginning of 2019, they entered the first phase of their application to the European Horizon 2020 Program and in the same year they have received financing for its activities from the Portugal 2020 program. Our risk assessment classifies the promoter with C+. 

In August 2019, CLARA hosted its first international event. HOLIS Summer School gathered 24 participants together from 10 countries who worked in 4 interdisciplinary teams to develop functions and activities alongside business models that will help the centre to revitalise the economic and social fabric of the Odemira region in Portugal. 

Promoter Rating: C+

Guarantees

This project was partially funded with an amount of 400.000€ by the programme Valorizar from Turismo de Portugal. 

Updates

Payments Status: Uncompliant

2019-05-27

Open for investment

2019-05-27

100% funded

2019-07-03

1st payment

2020-01-03

Project in arrears

Due to a delay in the release of the funds from Turismo de Portugal, CLARA missed liquidity to pay January's payment on time. The payment was regularized on the 24th of that month.

2020-03-03

Project in arrears

The still missing support from Turismo de Portugal meant CLARA was not able to pay on the scheduled date.

Updates

Payments Status: Uncompliant

2019-05-27

Open for investment

2019-05-27

100% funded

2019-07-03

1st payment

2020-01-03

Project in arrears

Due to a delay in the release of the funds from Turismo de Portugal, CLARA missed liquidity to pay January's payment on time. The payment was regularized on the 24th of that month.

2020-03-03

Project in arrears

The still missing support from Turismo de Portugal meant CLARA was not able to pay on the scheduled date.