Canary Islands Government Approves 2025 Budget for Commercial Support

Budget and Purpose

• The Canary Islands government has approved a 2025 budget of €750,000.
• The budget aims to support local commercial activities through a new grants program.
• This initiative is designed to energize:
  • shopping districts
  • markets
  • tourist zones
• The goal is to boost the region's economic recovery following the pandemic.

Expected Impact and Activities

• With tourism numbers expected to rise significantly in 2025, the program seeks to leverage this momentum.
• Funding will be provided for events that encourage:
  • shopping
  • leisure
• These events aim to attract both visitors and locals.

Event Funding and Support

• Grants will fund various events to promote commercial areas as lively destinations for:
  • shopping
  • dining
  • entertainment
• The initiative intends to help small businesses recover and grow, contributing to a more vibrant local economy.

Application Process and Guidelines

• The approval process involved evaluations and corrections.
• Some applications were denied due to budget constraints.
• Recipients will need to adhere to strict branding and advertising guidelines, including proper acknowledgment of funding sources.
• Payments can be made in advance to help organizers cover initial costs.
• Full justification of expenses is required by May 2026.

Overall Strategy

• This measure reflects the government’s strategy to:
  • revive the region's commercial sector
  • boost tourism-related activity
  • foster a dynamic, attractive environment for residents and visitors alike.