Canary Islands Government Announces 'Zero-Rate' Grants for Self-Employed Workers

Overview

On December 12, 2025, the Canary Islands government announced the latest allocations of 'zero-rate' grants aimed at supporting self-employed workers. Following a comprehensive review of applications from eligible workers, the authorities approved over 700 grants totaling approximately 659,000 euros, disbursed through the Institute of Technology of the Canary Islands (ITC). This program, initiated earlier in 2024, helps entrepreneurial individuals establish new businesses without repayment burdens, especially crucial during economic recovery efforts.

Grant Allocation and Requirements

The resolution confirms that those who meet all requirements will receive their funds shortly, provided they comply with administrative procedures, such as registering with the regional economic system. It also emphasizes accountability, requiring recipients to retain documentation and publicly disclose their support to promote transparency.

Eligibility and Special Provisions

Some applicants were denied or withdrew their requests, and the process included checks to ensure funds go to eligible entrepreneurs. Special provisions protect vulnerable groups like victims of gender violence or terrorism, ensuring some notifications occur privately.

Broader Impact

This support measure is part of broader efforts to:

• boost regional economic activity
• foster new employment opportunities
• help autonomous workers recover from recent challenges.

Funding

The grants are financed through the regional budget, underscoring government commitment to:

• local entrepreneurship
• economic resilience.

Additional Notes

The program helps entrepreneurial individuals establish new businesses without repayment burdens, especially crucial during economic recovery efforts.