Emergency Subsidies for La Palma Businesses

The Canary Islands government has approved nearly €3.65 million in emergency subsidies to support businesses and self-employed workers most affected by the ongoing volcanic eruptions in La Palma during 2024.

Background and Legislation

• This aid stemmed from legislation introduced in October 2021, specifically designed to help residents recover from the volcano's destructive impact.
• The latest resolution, enacted in July 2025, applies to those whose businesses were completely impeded by toxic gases or other temporary hazards caused by the eruptions.

Eligibility and Distribution

• Recipients must have maintained their establishments within designated exclusion zones, verified through official updated maps.
• The money will be transferred via the Canary Islands Chamber of Commerce.
• Beneficiaries are required to meet certain conditions, such as:
  • Providing proof of ongoing disruption.
  • Cooperating with oversight audits.

Goals and Oversight

• This emergency support aims to cushion the economic blow of the volcano, which has kept many businesses closed or unable to reopen despite the passing of time.
• The government emphasizes transparency and accountability, with recipients obligated to cooperate with inspections and potentially repay funds if misused.

Significance

• The measure highlights how disaster-related financial assistance remains a crucial tool for resilience in regions vulnerable to natural hazards,
• especially when livelihoods are at stake in isolated communities like La Palma.

Funding

• With the approved budget of €3.65 million, the government underscores its commitment to aiding La Palma’s economic recovery and supporting local entrepreneurs affected by natural disasters.