Canary Islands' Blue Economy Funds and Initiatives

Overview

The Canary Islands’ Agriculture, Livestock, Fishing, and Food Sovereignty Department announced a new fund to support sustainable blue economy initiatives across coastal, island, and inland regions. This comes as part of Spain’s broader strategy under the European Maritime, Fisheries and Aquaculture Fund (FEMPA) to promote responsible fishing communities and aquaculture development for 2021-2027.

Fund Details

• Total amount: €2.6 million
• Duration: over two years
  • €700,000 in 2026
  • €1.9 million in 2027

Eligibility and Application

• Grants are open to:
  • Individuals
  • Fishing organizations
  • Nonprofit groups
  • Local fishing action groups
• Applicants must meet specific criteria outlined in the program.
• Proposal submission deadline: two months from November 17, 2025.

Goals and Focus

The initiative aims to:

• Boost local economies through environmentally sustainable practices
• Reinforce Spain’s commitment to a responsible and resilient blue economy
• Foster economic growth, ecological preservation, and community development
• Protect marine resources
• Support fishing communities

Strategic Importance

"This move signals a strategic push to align regional development with European sustainability goals, ensuring local fishing and aquaculture communities thrive under sustainable practices in the coming years."

Summary

This funding initiative exemplifies Spain’s commitment to sustainable development in maritime industries, emphasizing ecological responsibility, economic growth, and community support in line with European sustainability objectives.