🌴 Canary Islands Government Announcements

Canary Islands Government Approves €1.47 Million COVID-19 Aid to Local Businesses

Published: November 13, 2025|economy-and-business|Gobierno de Canarias

Canary Islands Government Approves €1.47 Million Grant to Acoron, S.L.

The Canary Islands government has officially approved a €1.47 million grant to Acoron, S.L., as part of its COVID-19 economic support measures funded by Spain. This aid aims to help small and medium-sized enterprises, especially those most affected by the pandemic, regain stability.

The decision was made after a lengthy approval process, which included legal challenges and rulings from the Canary Islands High Court. Notably, the court’s recent ruling recognized Acoron's right to the aid, prioritizing their application from June 2021.

Requirements and Conditions

  • Recipients must maintain their activity.
  • Submit detailed financial reports.
  • Undergo thorough checks to prevent misuse.

The government emphasizes that the funds comply with regulations ensuring transparency and proper use. Beneficiaries, including Acoron, are also reminded to cooperate with oversight bodies and avoid overspending, as any irregularities could lead to reimbursement.

Support During Economic Uncertainty

This latest resolution underscores the effort by regional authorities to support businesses during ongoing economic uncertainty. For residents and expats alike, it signals continued governmental backing for recovery efforts, aimed at protecting jobs and stabilizing local markets amid the pandemic’s lingering effects.

The grant highlights the legal resolution process involved in distributing these funds, illustrating the complexities of public aid distribution during crises.

"The recent court ruling recognized Acoron's right to the aid, prioritizing their application from June 2021."