Canary Islands EU Funds Management Reorganization

Overview

The Canary Islands government has approved a significant reorganization of its administrative units responsible for managing funds from the EU's Next Generation EU instrument. This move aims to streamline the execution of recovery projects amid the ongoing EU recovery effort, which allocates over 672 billion euros to support economic resilience and sustainability across Europe.

Details of the Reorganization

• The restructuring involves creating provisional administrative units within the Agriculture, Livestock, Fishing, and Food Sovereignty Department.
• These units will handle:
  • Coordination of EU funds
  • Management of projects
  • Anti-fraud oversight
• The primary sources of EU funds managed include:
  • The Recovery and Resilience Mechanism
  • The REACT-EU initiative

"These units will operate until December 2026, with provisions for extensions or early dissolution as projects conclude."

Goals and Benefits

• Enhances operational flexibility
• Clarifies responsibilities for managing EU funds on the islands
• Ensures timely and effective use of resources
• Accelerates project delivery
• Supports infrastructure improvements, business support, and sustainability

Importance for Residents and Expats

• Critical for ensuring effective use of recovery funds
• Aims to improve local infrastructure
• Promotes community resilience in the post-pandemic era

Summary

The reorganization is a strategic effort to optimize the management of substantial EU recovery funds, fostering sustainable growth and resilience within the Canary Islands community.