Canary Islands Regional Research Incentive on REF

Background

On March 19, 2026, the Canary Islands government signed a cooperation agreement with the University of La Laguna and the Santa Cruz de Tenerife Business Confederation to encourage research on the region's unique economic and fiscal system, known as the Régimen Económico y Fiscal (REF).

This initiative aims to reward the best final year thesis that contributes to understanding and promoting the REF, which is crucial for the islands' economic sustainability and social development.

Agreement Details

• The agreement establishes a framework for collaboration, including organizing a prize for outstanding research.
• Total funding for the prize is 6,000 euros, distributed among three winners.
• The university will handle the organization and juror selection.
• The Confederation of Entrepreneurs will contribute financially and assist in promoting the awards.

Significance

This initiative reflects the importance of local policies that support academic insights into the region’s fiscal stability.

It also highlights efforts by authorities and business groups to foster academic and social understanding of the REF, which is a vital component of the islands' economic independence and development strategy.

"The cooperation runs until the end of 2026, with possibilities for extension," emphasizing ongoing commitment to regional development and academic engagement.

Duration

• The cooperation runs until the end of 2026.
• Extensions may be considered in the future.

Overall Implication

This collaboration underscores the importance of regional academic research in shaping policies that support economic resilience and social progress within the Canary Islands.