Canary Islands New Grant Program for 2025

Overview

The Canary Islands government has launched a new round of grants aimed at supporting investments in cooperatives, labor companies, and insertion businesses for 2025. With a budget of nearly 2 million euros, these subsidies come from the regional budget dedicated to fostering social economy enterprises and self-employment initiatives.

Application Process

• Eligible organizations can apply through a streamlined electronic process.
• The application window is within 10 working days following the official publication.

Goals and Impact

• The grants are part of the broader regional efforts to promote economic inclusion and support sustainable business models in the Canary Islands.
• This funding follows the regulatory framework established by regional and national laws, ensuring transparency and fairness in distribution.

Notifications and Legal Framework

Successful applicants will be notified in accordance with existing legal procedures.

Significance

• This initiative is crucial for expats and locals alike, as it encourages the growth of socially responsible businesses, providing opportunities for innovation and employment.
• Overall, it demonstrates the Canary Islands’ commitment to economic development rooted in social enterprise.