Canary Islands SMEs Internationalization Support Program

Overview

The Canary Islands government has introduced new regulations to support small and medium-sized enterprises (SMEs) based on the growing need for internationalization and digital expansion.

Recognizing that small firms in Tenerife and Gran Canaria form over 90% of local businesses, the new measures aim to facilitate their entry into international markets through tailored advice, financial aid, and streamlined administrative processes.

Key Focus Areas

• Enable SMEs to enhance their export capabilities
• Participation in international trade fairs
• Development of promotional materials tailored to foreign markets

Support Measures

• Technical and advisory support from recognized entities
• Maximum of €400 allocated for professional consultancy
• Coverage of costs for:
  • Participation in trade shows
  • Promotional campaigns
  • Legal or administrative expenses involved in exporting

Eligibility Criteria

• Demonstrate genuine potential for international growth
• Be registered in Tenerife or Gran Canaria
• Have been established for at least one year

Application Process

• Emphasizes simplicity and digital processing
• Applications are processed electronically
• Supporting documents are submitted digitally to reduce bureaucratic hurdles

Funding & Regulations

• Funding is subject to EU rules on state aid
• Cap of €300,000 per company over three years

Objectives

• Bolster economic resilience post-COVID-19
• Diversify markets
• Increase social cohesion by fostering sustainable growth for local businesses

Exclusions

• Non-eligible expenses include:
  • Customs duties
  • Material purchases
  • Indirect taxes
• Focus resources on activities directly contributing to international expansion