Spanish Government Announces Grants for Sustainable Aquaculture in Canary Islands

The Spanish government announced a new round of grants totaling €4.42 million to support sustainable aquaculture projects in the Canary Islands.

Objectives of the Funding

• Enhance the competitiveness of local fish farms.
• Ensure environmental sustainability.
• Align with broader European goals through the European Maritime, Fisheries, and Aquaculture Fund (FEMPA).

Target and Eligibility

• Aquaculture operators who meet specific eligibility criteria.
• Focus on investments that promote long-term, eco-friendly growth in the sector.

Significance of the Initiative

• Underscores Spain’s commitment to fostering innovative, sustainable fishing practices.
• Vital for the island economy and local food security.

Funding Details

• Co-funded by the European Union (70%) and the Spanish government (15%).
• Application submissions open for one month starting from June 17, 2025.

Impact for Residents and Entrepreneurs

"This represents a significant opportunity to modernize and expand aquaculture businesses in a sector that plays a crucial role in regional development and environmental conservation."

Summary

This initiative aims to support the sustainable growth of aquaculture in the Canary Islands, promoting environmental conservation and economic development through substantial financial backing and European cooperation.