Canary Islands Government Announces New Industrial Zone Funding Scheme

The Canary Islands government has announced a new funding scheme worth €565,000 aimed at revitalizing industrial zones across the region.

Targeted Recipients

• Non-profit organizations (public or private)
• Organizations managing or promoting industrial regeneration projects in the islands

Investment Focus Areas

• Investing in shared infrastructure and equipment to improve industrial services
• Supporting industries through consultancy services, strategic planning, and network collaboration
• Planning and managing industrial spaces

Project Types

• Infrastructure upgrades
• Technical assistance for urban planning and administrative processes

Application Process

• Applicants have one month from the publication date to submit proposals online.

Funding and Timeline

• Funds will support activities starting from January 2026.
• Most projects are expected to conclude by October 2026.
• Extensions until December 2027 are possible with an advance payment request.

Goals and Benefits

"The initiative aims to foster economic development, attract new investments, and enhance the competitiveness of the islands’ industry sectors."

• Modernize industrial zones
• Improve infrastructure
• Streamline administrative procedures

Broader Strategy

The grants are part of a broader strategy to stimulate economic growth amid ongoing regional development initiatives, ultimately benefiting local businesses and residents alike.