Canary Islands Strategic Grants Plan Update (2024-2026)

Overview

The Canary Islands government approved its eleventh update to the Strategic Grants Plan for 2024-2026, ensuring continued transparency and alignment with fiscal stability rules.

This modification introduces new funding initiatives across various departments, notably in industrial construction, local markets, infrastructure, and digital tools.

Key Highlights

• Investment in industrialized construction: €73,332
• Local projects:
  • Christmas markets in Teguise: €190,074
  • Street transformations in Arrecife: €929,151
  • Market improvements in Santa María de Guía: €40,000
  • Modular parking project in Moya: €642,064
• Other allocations:
  • Upgrading weighing scales for FEMECA: €200,000
  • Consumer promotion via partnership vouchers with local chambers: €3 million

Purpose and Impact

The updates reflect the government's ongoing effort to foster local economic activity, improve public spaces, and support business growth.

These funding initiatives aim to bolster local economies, improve infrastructure, and promote community development.

Endorsement and Publication

• The plan's modifications were endorsed by the budgetary oversight authority on December 16, 2025.
• The updates are now officially published to ensure the public and relevant stakeholders stay informed about the government’s strategic funding allocations.

This process supports a transparent and stable economic environment in the islands.