Canary Islands Launch Strategic Projects Office to Attract Quality Investments
The Canary Islands establishes a new office to boost investment and economic diversification.
Key Points
- • New Strategic Projects Office created to enhance investment attraction
- • 1.1 million euros allocated for the office over two years
- • Focus on sectors like animation, video games, and aerospace
- • Partnership with Cabildo of Tenerife to strengthen cybersecurity
The Government of the Canary Islands has formally established a Strategic Projects Office within Proexca, aimed at accelerating the attraction of quality investments and supporting investment projects. Announced on August 6, 2025, this initiative was approved on June 9 and is part of a broader strategy focused on economic diversification and high-value job creation in the region.
With a budget allocated at 1.1 million euros over the next two years, the office is positioned to address bureaucratic hurdles that have previously impeded project execution. Vice-Counselor of the Presidency and President of Proexca, Alfonso Cabello, highlighted that tackling these challenges is essential for enhancing the appeal of the Canary Islands to investors.
The new office will specifically target sectors such as animation, video games, audiovisual, and aerospace. It aims to foster administrative agility and provide “soft landing” services for international companies looking to establish operations in the archipelago.
Additionally, the Canary Islands Government is collaborating with the Cabildo of Tenerife to enhance local cybersecurity through an initiative called CSIRT-CAN, funded by approximately seven million euros from Next Generation EU funds. This partnership aims to secure local entities from cyber threats while the government is also striving to implement the UN's Sustainable Development Goals (SDGs) at the municipal level, ensuring that local municipalities actively participate in these global objectives.