Canary Islands Fisheries Investment Plan 2025-2026

Overview

The Canary Islands government has approved a €4.7 million funding plan aimed at supporting investments in fishing product transformation and marketing for 2025 and 2026.

These grants, part of Spain's broader European maritime and fisheries fund (FEMPA), seek to boost the local aquaculture sector and improve the commercialization of fishery products.

Funding Details

• The funds are mainly co-financed by the European Union (70%) and the regional government (15%), with the rest covered by national and local budgets.
• The money will support projects that:
  • Enhance processing facilities
  • Improve marketing efforts
• These steps are crucial for making Canary Island seafood more competitive and accessible.

Application Process

• Officials have authorized the direct allocation of these funds.
• The application process is set to open in July 2025.
• Grants will be awarded through a competitive evaluation by a designated Committee of Valuation.
• Decision deadlines are expected by the end of 2025.

Regional Commitment and Impact

"This initiative demonstrates the region's commitment to revitalizing its fishing industry amid ongoing challenges, including environmental concerns and market competition."

• For residents, especially those reliant on fishing and seafood sectors, these investments could lead to:
  • More jobs
  • Better market access
  • Sustainable industry growth in the long term.