Canary Islands Government Announces Increased Funding for Fishing Sector

Funding Details

• An additional €171,281.75 will be allocated to finance investments in equipment.
• This funding is part of a broader package totaling €590,204.75.

Purpose of Funding

• Support local fishing groups in modernizing their assets.
• Ensure the sustainability and competitiveness of the region's fishing industry.

Eligibility and Focus

The government emphasizes that eligible entities are those referenced in the October 2024 call, focusing on projects that improve operational infrastructure.

• Funds come from the 2025 regional budget.
• Targeted specifically at the enhancement of commercial assets within the fishery sector.

Significance

• Crucial for residents and expats relying on the local fishing industry.
• Modern tools and equipment help sustain fishing livelihoods and maintain local food supplies.
• Signals ongoing government efforts to strengthen regional economic sectors amid changing market conditions and environmental challenges.