Canary Islands COVID-19 Economic Relief Measures Update

Overview

The Canary Islands government has officially revised its COVID-19 economic relief measures, focusing on grants provided to businesses and self-employed individuals on Gran Canaria.

Key Changes

• After a thorough review, authorities partially revoked previous partial justifications for certain grants.
• They confirmed full justification for others.
• Specifically, 31 cases amounting to over 1 million euros now meet all requirements, thanks to improved documentation.

Purpose of the Update

"This update comes as part of ongoing efforts to ensure transparency and proper use of funds aimed at supporting local businesses impacted by the pandemic."

• It highlights the government's commitment to accountability.
• Benefits include allowing beneficiaries to validate their aid and avoid potential recourse.

Grant Conditions and Checks

• The grants are part of Spain’s broader COVID support scheme.
• Conditions for recipients included:
  • Maintain activity.
  • Refrain from dividend payouts.
  • Avoid high executive pay increases during 2021 and 2022.
• The process involved multiple legal and administrative checks, including audits by:
  • The General Intervention
  • The Chamber of Commerce

Impact for Residents and Entrepreneurs

• Provides clearer guidelines.
• Offers reassurance that aid has been correctly allocated and justified.
• Aims to help stabilize the local economy during uncertain times.

Additional Information

• The resolution was published in the official bulletin on June 13, 2025.
• Affected parties have one month to appeal the decision.