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Financing of the Canary Islands Government for business activity and entrepreneurship

Spain and the European Union in general have chosen to intensify the use of financial instruments as a basis for economic policies, to the detriment of traditional subsidies as tools for promoting business activity.

The Government of the Canary Islands has launched an important roster of financial instruments for the promotion of new business activity and entrepreneurship.

The existence of the financial instruments put in place by the Government of the Canary Islands is only possible thanks to the contribution of the European Regional Development Fund, which finances the 85 fund, which would have to add 15 of the government’s own contribution

http://www.canariasfinancia.org/