The Director General of the Institut Valencià de Finances (IVF), Enrique Montes, recently visited the building that Woodea, a Valencia-based benchmark company in sustainable construction, is developing in Burjassot. The IVF is financing the project with €800,000 to support the growth and consolidation of the company.
Montes, accompanied by the company’s co-founder Pablo Medina, highlighted the support provided by the IVF to finance strategic projects by Valencian companies which, as in the case of Woodea, are developing “an initiative that reflects a strong commitment to innovation and sustainability in the construction sector and that sets the course towards a greener and more competitive productive model.”
The Director General of the IVF learned first-hand about the progress of the project and how the company is applying innovative solutions to transform the construction sector towards a more sustainable model.
The building under construction in Burjassot will be one of the first in Spain to be developed entirely under sustainability and energy-efficiency criteria, reinforcing Woodea’s position as an innovative company in a key sector for the ecological transition.
Business support from the outset
Woodea was founded in 2022 with the aim of transforming the construction sector through sustainable solutions based on engineered timber and industrialised processes.
In 2023, the IVF granted the company its first participative loan for start-ups, amounting to €222,448, aimed at supporting its initial phase and validating its business model.
Likewise, in 2025 the IVF approved a second financing operation for the company, this time a subordinated loan of €575,000 co-financed with resources from the Comunitat Valenciana FEDER Programme 2021–2027. This transaction will enable Woodea to advance its growth plan and consolidate its position as a benchmark in sustainable construction in the Valencian Community.
“Woodea is the perfect example of the role of the IVF as a public financing institution: standing by companies from their earliest stages and continuing to support them throughout their development and consolidation, offering solutions tailored to each stage and each need,” Enrique Montes emphasised.
Commitment to sustainability
The Director General of the IVF explained that sustainability and innovation “are strategic pillars for the Valencian economy and also fundamental elements of the management policy for European funds. Projects such as Woodea’s not only reduce the environmental footprint, but also generate skilled employment and add value to our productive fabric.”
Montes recalled that the IVF “acts where private financing does not reach or considers intervention too risky. Our role is to complement traditional banking and ensure that viable initiatives with economic and social impact can be developed.”
“Supporting companies like Woodea means investing in the future: in a greener, more competitive economy that is committed to society,” Montes concluded
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