Canary Islands Government Launches €4.2 Million Fund to Boost Local Business Abroad

Overview

The Spanish Canary Islands government has unveiled a €4.2 million fund aimed at boosting local businesses' global reach. This initiative supports projects that promote exports and digital internationalization for Canarian companies, with a focus on sustainable growth and job creation.

Funding comes from the European Regional Development Fund (ERDF) under the FEDER Canarias 2021-2027 program, covering both new initiatives and the consolidation of previous successful projects.

Eligible Projects

• Efforts to expand abroad through the 'Canarias Aporta' program
• Digital internationalization via 'Aporta Digital'

The funding distribution prioritizes:

• Digital efforts
• Continued international promotion of existing beneficiaries

Application Process

Companies interested in applying must submit their requests within one month of the bulletin’s publication, specifically by June 29, 2025.

• The application process will be managed through the Canary Islands government’s dedicated online portal.

Deadlines & Implementation

• The deadline for project execution and reporting is set for October 31, 2026.

This initiative offers a significant opportunity for Canarian businesses to enhance their competitiveness on the global stage.

Partnership & Support

A public-private partnership with PROEXCA will facilitate:

• The implementation of the projects
• The distribution of funds
• Streamlining the support process

Significance

For residents and expats alike, this signals ongoing efforts by local authorities to bolster:

• Economic resilience
• The international presence of the islands’ companies