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Grant allocated for Canarian businesses

A grant of €1.3million is to be shared between 98 companies on the Canary Islands according to the Boletín Oficial de Canarias (BOC). Photo: istockphoto.


22/08/2012 Lanzarote (BG) - A grant of €1.3million is to be shared among 98 companies on the Canary Islands according to the Boletín Oficial de Canarias (BOC). The grant will be allocated through the Ministry of Economoy, Finance and Security of the Government of the Canary Islands. It is hoped this grant will help companies on the Islands increase their innovative capacity. The programme, titled ‘Innoempresa’ is expected to generate investments close to €3million.


The Director General of the Ministry of Economic Development, Laureano Pérez, has emphasised that the objective of the Executive is to strengthen the business sector of the Canary Islands and and increase the innovative capacity of technological, organizational and business firms in the region. This in turn, it is hoped, will ensure a greater competitiveness among business. Pérez stated:”All this is being done with the aim of promoting stable employment and boosting the economy of the Canary Islands”.


Pérez announced that other areas to benefit will be the industrial, food processing, construction, tourism and trades and services sectors. Funds may be allocated for the purpose of tangible and intangible investments, including maintaining of a technical workforce as well as external projects. The maximum grant is 60% for investment in tangible and intangible assets, with a maximum grant of €18,000 per company.




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