The Canary Islands have received an investment of 2,660 million euros of European funds within the Recovery, Transformation and Resilience Plan (PRTR) launched by the Government of Spain for the relaunch of the economy after the Covid-19 pandemic, from which more than 36,100 recipients in the Archipelago have benefited.

Of the 2,660 million euros counted until June 23, 2025, 836 million euros correspond to calls and tenders directly managed by the General Administration of the State and 1,824 million euros correspond to funds allocated at the different sectoral conferences to the Autonomous Community of the Canary Islands.

“The Government of Spain complies, and complies with the distribution and execution of European funds throughout the territory. The channeling of the Recovery, Transformation and Resilience Plan also shows the commitment to decentralization and the management of proximity to citizenship, being the main executing arm of these European funds the Autonomous Communities, competent in key matters for the welfare state such as health and education,” says the Government delegate in the Canary Islands, Anselmo Pestana.

“In the specific case of the Canary Islands, we see how our islands continue to benefit from the commitment to a green and inclusive future, of sustainable progress, which is what concerns us all as a society. From the State we directly manage more than 100 million euros of European funds in clean energy projects in the Canary Islands, to which more than 300 million are added for regional management”, he adds.

Anselmo Pestana also highlights the forecast communicated by the Ministry of Finance to the regional government that in 2026 the Autonomous Community of the Canary Islands will again receive the largest deliveries on account of its history, with an estimate of 7,069 million euros, 7.2% more than this year, receiving a total of 8,138 million euros including the liquidation of 2024.

Execution of the General State Administration

From these funds of the PRTR for the Canary Islands, the State Administration has directly managed the investment of 5.9 million euros for the adaptation and improvement of infrastructures in Canarian ports, as well as the distribution of 44.5 million euros for sustainable and digital mobility projects.

In terms of energy diversification, among others, 103.6 million euros have been allocated for the Strategic Project for the Recovery and Economic Transformation (PERTE) of renewable energies, renewable hydrogen and storage, of which 49.5 million euros correspond to the impulse of deep geothermal surveys, as well as 45.4 million euros for marine renewable energy projects, such as the updating of the support electricity network in the north testing bank of PLOCAN, which has received 20 million euros.

In social policies, the State has directly managed the distribution of 106.1 million euros of European funds for the social economy PERTE, of which 52.8 million euros come from the Recovery and Resilience Mechanism (MRR) and which include projects such as the financing of public facilities adapted to the new care model, home facilities that favor personal autonomy, and the modernization of social services.

Also of direct management of the State have been the 79 million euros destined to 9 projects for efficiency, digitalization and sustainability of irrigation through agreements signed by the Ministry of Agriculture, Fisheries and Food, through the State Mercantile Society of Agrarian Infrastructures (Seiasa).

These projects include EUR 24.4 million for the project in the north-east of Lanzarote (Tinajo and Teguise), EUR 13.25 million for the project in the south central area of Fuerteventura (Tuineje and Pájara), and EUR 11.23 million for three projects in La Palma.

In addition, the two PERTE calls for the urban water cycle were awarded by the projects of the Joint Water Company of Las Palmas de Gran Canaria and Santa Cruz de Tenerife (8.9 million euros) and the Digital Island project for water balances, optimization of resources and reserves of the Canary Islands (8.4 million euros).

In the field of reindustrialization, the State has managed the distribution of 72.7 million euros in financing to 791 Canary SMEs through the guarantees of the state commercial company CERSA (Spanish Re-Consolidation Company), 14.2 million euros for the aerospace PERTE and 40 million euros for the PERTE of the electric and connected vehicle.

But the bulk of European funds channeled to the Canary Islands through the Spanish Government’s PRTR is managed by the Autonomous Community, among which stand out 301.7 million euros for sustainable energy strategies, of which 42% have been executed.

In terms of energy and regional execution, the Canary Islands has also received 66.8 million euros for self-consumption and residential storage (executed 74%) and 6.1 million euros for renewable energies in industry and services (executed 44%).

In housing plans managed by the Autonomous Community, 103.7 million euros have been allocated for rehabilitation and 46.7 million euros for the construction of about 1,500 homes under social rent. And 38.5 million euros have been distributed to install high-tech equipment in 9 hospitals of the Canary Health Service (SCS).

In addition, 116.5 million euros of European funds have been distributed for the management of the Autonomous Community of the Canary Islands in the implementation of Destination Tourism Sustainability Plans (PSTD) and an additional 20 million euros for projects of the tourism program for extra-island territories.

Economic management for social progress

The Canary Islands have also benefited from the economic management for equity and social progress implemented by the Government of Spain, registering 938,227 occupied in the Archipelago as of June 30, 2025, almost 147,000 more than in the same month of 2018, with 309,854 indefinite contracts as of January 1, 217% more than in 2019.

Approximately 174,900 workers have benefited in the Canary Islands from the increases in the minimum wage approved by the Government of Spain and as of June 30, 2025 the minimum vital income had 84,075 beneficiaries in the Islands, having received about 120,000 people since its implementation in 2020.

In the Canary Islands, 46,716 students have benefited from state study grants during the 2024-2025 academic year; the average retirement pension stands at 1,390 euros per month, 374 euros more than in June 2018, and the electric social bond had about 46,000 beneficiaries as of May 31, 2025.