Canary Islands 2025 Fishing and Aquaculture Funding Program

Overview

The Canary Islands government has announced a €4.7 million funding program to boost the fishing and aquaculture industries in 2025.

The grants aim to support:

• Investments that enhance product commercialization
• Quality improvements
• Higher value addition

With a particular focus on:

• Transformation of seafood products
• Marketing of seafood products

Eligible Entities

• Fishing cooperatives
• Fishers
• Companies involved in processing and marketing seafood

The initiative aligns with the European Maritime, Fisheries and Aquaculture Fund (FEMPA) priorities and is part of Spain's broader strategy to strengthen its maritime economy.

Funding Breakdown

• Transformation (€3.8 million)
• Commercialization (€884,000)

The funding is also characterized by:

• 70% co-financed by the European Union
• 15% covered by the regional government

Application Process

• Companies interested in applying must submit their requests electronically
• Applications are to be submitted within a month
• The application period begins on June 25, 2025

Goals and Impact

This move demonstrates the region's commitment to:

• Revitalizing local fisheries
• Creating jobs
• Adding value to its seafood sector

It is part of ongoing efforts to secure sustainable development in the area.