FDCAN boosts Canarian economy and lays groundwork for the future

The President of Canarias highlights the positive results of the fund and announces new priorities for the next decade.

Generic image of a microphone on a podium during a press conference.
IA

Generic image of a microphone on a podium during a press conference.

The President of Canarias has highlighted the achievements of the Canary Islands Development Fund (FDCAN), emphasizing its role in economic revitalization and job creation across the archipelago since its implementation.

The FDCAN, established during his first term, has proven to be an effective tool for economic growth and inter-island cohesion. The results from the 2016-2026 period will serve as a foundation for designing the next decade, 2027-2037, with a focus on housing and socio-sanitary infrastructure.

"The Fund's results for the 2016-2026 period provide us with momentum and a basis to begin, hand in hand with island councils and municipalities, designing the one that will mark the 2027-2037 decade, and whose investment lines must align with the challenges of the Canarias of 2026, which is why we are committed to integrating two clear priorities: housing and socio-sanitary infrastructures."

the President of Canarias
It is expected that the fund may receive additional resources if the State eventually relaxes the spending rule, given its proven effectiveness. The FDCAN has mobilized a total investment of 2.619 million euros, generating an economic impact of 4.504 million euros and creating 44,459 jobs, both direct and indirect.
The president also criticized the lack of coordination from the Spanish Government on key issues affecting autonomous communities, such as migrant regularization, anti-crisis measures, and its stance on the Migration and Asylum Pact. He underscored the importance of collaboration between administrations, a model that, according to him, is not always applied at the state level.

"This lack of foresight greatly strains public services, generating discomfort, but from Canarias, we have organized informative sessions with CEAR on access requirements, application submission, process handling, resolution of files, information points, and support resources."

the President of Canarias
Finally, he referred to the need to continue implementing measures to mitigate price increases, such as improving the Citizenship Income, creating consumer vouchers for basic products, and increasing non-contributory pensions, to support the most vulnerable.