Canary Islands Adjusts Funding Disbursement Schedule for Fishing and Aquaculture Subsidies
Published: October 31, 2025|economy-and-business|Gobierno de Canarias
Canary Islands EU Funds Management Amendment
Background
The Canary Islands government has amended an agreement with GestiĆ³n del Medio Rural de Canarias (GMR) to better manage the distribution of ā¬2021-2027 EU funds aimed at supporting local fishing and aquaculture operators.
Originally, the government pledged to deliver funds to GMR early in the funding cycle, but practical challenges prompted a change.
New Arrangement
- Funds will now be released to GMR based on when subsidy beneficiaries receive their payment resolutions.
- Most disbursements are scheduled to occur within the relevant budget year.
- Specifically, for applications submitted in:
- the first half of the year, funds are allocated during that same year.
- the second half, disbursement can extend into the following year, provided there is sufficient budget credit.
Objectives and Impact
- This update aims to streamline the administrative process and ensure timely support to local fishing operators who face rising costs.
- It underscores the governmentās commitment to making aid delivery more flexible and responsive to real-world conditions.
- Highlights ongoing efforts to optimize the management of EU maritime funds, ensuring local producers benefit more efficiently and sustainably.
Significance
This modification represents a practical step to improve how public funds reach those critical industries vital for the Canary Islandsā economy and food sovereignty.