Canary Islands New Commercial Sector Support Fund

Overview

The Canary Islands government has announced a new €750,000 fund aimed at supporting events that promote and energize the local commercial sector. Managed by the Department of Economy, Industry, Commerce, and Autónomos, the grants target organizers of events that draw in diverse audiences and elevate the region's shopping districts, both physically and digitally.

Eligible Beneficiaries

• Trade associations
• Open-air market managers
• Commercial companies of all sizes
• Autonomous professionals specialized in event management
• Collaborative groups like joint ventures or clusters

Requirements

Applicants must demonstrate:

• Solid organizational capacity
• A physical presence in the Canary Islands
• Active commercial operations

Funded Projects' Focus

• Enhancing Europe’s unique retail scenes
• Transforming the Canary Islands into more attractive shopping and experiential destinations
• Diversifying and energizing the islands' commercial zones, especially in open-air areas
• Fostering economic growth and community engagement

Funding Details

• Grants will be distributed across multiple years
• There will be designated periods for execution and justification
• Applicants can request upfront payments if needed

Application Timeline

• The deadline for application submissions is 15 days following the official publication.

Additional Context

This initiative reflects efforts to boost the region’s economic resilience, especially relevant as the islands recover and adapt post-pandemic.