Canary Islands' Retail Modernization Grants

Overview

The Canary Islands' Ministry of Economy, Industry, Commerce, and Self-Employment announced new guidelines for grants aimed at modernizing the retail sector across the islands. Building on successful initiatives from 2024-2025, the program seeks to promote digital transformation, infrastructure improvements, and cultural promotion to turn commercial areas into vibrant hubs of tourism and culture.

Eligible Applicants

Local authorities
Business organizations
Trade associations
Market managers

Eligibility Criteria:

Registered in Canary Islands
Have relevant competencies

Key Updates

Clarify eligibility
Emphasize transparency — recipients must publish aid details if they exceed specific amounts
Tighten rules around subcontracting, ensuring proper contracts and data protection

Funding Details

Funding limits for individual projects: 25,000 to 200,000 euros annually
Maximum per applicant: 400,000 euros

Evaluation Criteria

Innovation
Digital remit
Environmental sustainability
Community engagement
Involvement of local businesses

Special considerations:

Projects on non-capital islands receive extra points

Strategic Goals

This initiative aligns with broader regional strategies to:

Boost local economies
Enhance tourism through technological and cultural upgrades

"A clear roadmap for entities eager to revitalize Canary Islands' commercial landscape and attract more visitors."