As Fuerteventura continues to attract investors, the local government is taking significant steps to bolster its commercial sector.
The Plenary Session of the Fuerteventura Cabildo has unanimously approved the Strategic Subsidy Plan for the Reactivation of the Commercial Sector for the years 2026-2028. This comprehensive initiative is set to mobilize over three million euros to support local commerce and enhance the island’s open commercial areas over the next three years.
Emphasizing the importance of local businesses, Cabildo President Lola García noted that this sector forms the backbone of the Majorera economy and provides livelihoods for many families. She underscored the necessity of aiding its recovery and adapting to emerging challenges.
Minister of Commerce Lolina Negrín highlighted the critical role of supporting local businesses, which significantly contribute to economic activity across Fuerteventura’s municipalities. The new plan aligns with the evolving economic landscape, particularly in response to the growing influence of digital commerce and the need to enhance the uniqueness of open commercial areas.
The Strategic Subsidy Plan outlines an anticipated annual investment exceeding three million euros spread across various support initiatives for 2026-2028. In 2026 alone, 400,000 euros are earmarked for the ‘I Buy in Fuerteventura’ campaign, in collaboration with the Federation of Urban Areas of the Canary Islands (FAUCA). Furthermore, 125,000 euros will be allocated to merchant associations, while town councils will receive 90,000 euros for initiatives aimed at commercial revitalization.
Additionally, the plan allocates 50,000 euros to promote digitalization efforts among local businesses and includes a competitive grant line for projects revitalizing open commercial areas, with a total of 200,000 euros designated for this purpose in 2026.
Through this initiative, the Cabildo of Fuerteventura is reinforcing its commitment to a sustainable and competitive commercial framework, tailored to meet the evolving demands of the market while strengthening the island’s economic foundation across all municipalities.
Image credit: www.lavozdefuerteventura.com
Source: www.lavozdefuerteventura.com.
Curated by Fuerteventura Times Real Estate Desk.
