Canary Islands Government Approves 1.7 Million Euros in Financial Aid

Overview

The Canary Islands government has approved a significant financial aid package totaling approximately 1.7 million euros to assist small businesses and autonomous workers affected by the COVID-19 pandemic. This aid is part of a broader regional effort financed by Spain’s central government, aimed at helping sectors most hit by the crisis.

Key Developments

• A direct grant allocated to Sand and Sea Resorts, S.L., amounting to over 1.69 million euros.
• The company was initially placed on a reserve list in late 2021 during the application process but faced subsequent administrative rejection.
• A recent court ruling has nullified the administrative decision, effectively reinstating the company’s right to the aid.

Conditions and Oversight

The resolution emphasizes strict conditions for the beneficiaries, including maintaining economic activity until mid-2022 and providing proper documentation to justify the aid.

• The government highlighted plans for
  • oversight,
  • audits,
  • transparency,
  • ensuring funds are used appropriately.

Objectives

• The aid aims to safeguard employment.
• It seeks to stabilize businesses during an uncertain recovery period.

Significance

This move underscores the regional government’s commitment to supporting local economies and expediting recovery efforts as Spain and the Canary Islands adapt to the pandemic’s ongoing impact.