Canary Islands Government Supports Self-Employed Workers with Grants

Overview

The Canary Islands government has approved nearly 502,000 euros in grants to support self-employed workers in extending their Social Security 'flat rates' for an additional year. This initiative is part of a broader effort to bolster small business resilience, expanding on existing rules that allow entrepreneurs to reduce their social contributions during challenging times.

Eligibility and Application

• Eligible applicants, who filed their requests in early 2025, meet specific requirements such as being up-to-date with tax and social security obligations.
• More than 378 applicants will receive the funding.
• The aim is to give self-employed individuals some financial relief and stability amid ongoing economic uncertainties.

Granting Process

• The process involved compliance checks, including ensuring applicants have no outstanding debts and have submitted required documents on time.
• Some requests were denied or withdrawn, but the majority met the criteria for support.
• The funds are sourced from existing government budgets and will comply with European Union regulations on state aid, ensuring transparency and fair distribution.

Significance

This measure highlights Spain’s ongoing commitment to fostering entrepreneurship and easing the financial burdens faced by small business owners, which is integral to the country’s economic recovery and social stability.