The 4th Conference of Presidents concluded with a favorable assessment of the Fdcan, highlighting that every euro invested has generated an impact of 1.72 euros on the Canarian economy. This instrument, considered fundamental for the archipelago's development, will remain in force, albeit with significant adjustments.
One of the main modifications will be the prioritization of investment in the housing sector. This was announced by the Canarian president after the meeting held in the capital of Gran Canaria, where the continuity of the fund was agreed upon with the support of the island presidents and the regional Government.
“"We have made a very positive assessment of an instrument signed ten years ago. It has been a fundamental tool for the islands. In the case of Fuerteventura, an island that has been in a water emergency for the last three years, thanks to the Fdcan we have overcome it."
The regional president emphasized the effectiveness of the Fdcan and confirmed that the program will continue. To this end, technical working groups will be established during May with the aim of finalizing a definitive agreement in June.
To date, the program's support lines have focused on infrastructure, employability, and R&D&i. However, in the next decade, the focus will shift to boosting housing construction. A total of 2.619 million euros have been invested, with an annual contribution from the Government of the Canary Islands of 160 million, supplemented by more than 1.000 million contributed by the cabildos. For now, no increase in the budget allocation for the coming years is foreseen.
