Canary Islands Government Approves Provisional Grants for 2025

Overview

The Canary Islands government has approved provisional grants to support organizations fighting against the underground economy in 2025. This initiative, established through past regulations, aims to help entities that defend their economic and social interests by reducing illicit financial activities.

Out of the submitted applications, some have been approved while others were rejected due to budget constraints or incomplete documentation.

Purpose and Impact

The grants are part of a broader effort to formalize the local economy and promote transparency, which is vital for improving public services and economic stability.

Notably, organizations that successfully meet the assessment criteria will receive funds to carry out their projects, although some applicants need to revise their requests or submit additional paperwork within specific deadlines.

Government Commitment

This measure underscores the government’s commitment to tackling illegal financial practices that undermine the local economy and inflate informal employment.

For residents and expats alike, such initiatives could foster a fairer business environment and contribute to a more stable economic future in the Canary Islands.