Canary Islands Strategic Grants Plan Update (2024-2026)

Overview

The Canary Islands government has approved the ninth update to its Strategic Grants Plan for 2024-2026, aiming to better allocate funds and support local businesses and autonomous workers.

This latest modification introduces new lines of funding, including:

• A dedicated 'Autonomous Work Observatory' with an 80,000-euro budget for 2025.
• A program to boost internationalization efforts, with a 205,000-euro allocation.

These updates reflect an ongoing effort to optimize resource use and enhance transparency in managing public aid.

Background

The changes come after multiple revisions since the initial plan's approval in February 2024. They are part of a broader strategy to:

• Adapt to current economic priorities.
• Support entrepreneurs.
• Expand international projects.

The plan's amendments also align with recent legal requirements, such as the community’s transparency law, ensuring this information remains accessible.

Official Statement

Approved by the regional economy and industry minister, Manuel Domínguez González, the update will be published officially and take effect immediately.

"This update demonstrates our commitment to dynamically manage our funding programs, ultimately benefiting local businesses, self-employed workers, and the regional economy at large."

Summary

• The update signals the government's dedication to improved management of public funds.
• It aims to support local economic growth and entrepreneur development.
• Reflects legal compliance and transparency commitments.