Canary Islands' Strategic Grants Plan Update (2023–2025)

Overview

The Canary Islands' Department of Tourism and Employment has approved a third update to its strategic grants plan covering 2023 to 2025. This plan, initially established through a 2023 decree, consolidates previous funding strategies from related sectors like industry and economy. Over the past two years, multiple amendments have refined the plan, adjusting funding lines and priorities.

Key Funding Initiatives

• The department has introduced new targeted funding lines aligned with regional sustainability goals.
• One such initiative allocates 1.25 million euros to promote green and sustainable tourism accommodations, supporting rural hotels and homes to transition towards eco-friendly practices.
• Funds are sourced from EU NextGenerationEU grants, emphasizing the emphasis on sustainable recovery post-pandemic.
• Another new line dedicates nearly 300,000 euros to restoring degraded natural spaces, specifically targeting the removal of an old water treatment plant on Fuerteventura.

Focus Areas & Goals

• These measures reflect the region's broader commitment to environmental sustainability and tourism resilience.
• This ongoing plan demonstrates the government’s strategic approach to leveraging public funds for sustainable tourism development while also investing in ecological restoration.

Broader Impact