NEW BUSINESSES UP BY 4.2 % IN CANARIES LAST YEAR

The number of new businesses (3640) created in the Canary Islands rose by 4.2 % in 2022 compared to the previous year, according to data published last month by Spain’s National Institute for Statistics (INE). In all, the subscribed capital of the 99,067 businesses created in Spain in 2022 totalled 5.188 billion euros, 2.9 % more than in 2021, with the average subscribed capital standing at 52,369 euros, up 5.1 %. Of the firms set up last year, 19.5 % were commercial and 16.9 % were in the real estate, finance and insurance sectors. Of the companies that were wound up, 19.1 % listed commerce and 16.4 % construction as their main activity. According to the La Provincia newspaper, only three regions in Spain saw more firms created in 2022 than in 2021: the Balearic Islands (+9.9 %), the Canaries (+4.2 %) and Valencia (+0.3%).

La Vaca Azul

El Cotillo in Fuerteventura is an ideal spot for campers and should be underlined in red in any decent travel notebook if the aim is to spend a few hours trying wonderful sea food. Of the wide range of places available to eat, one stands out by tradition for its quality ingredients and friendly service.

La Vaca Azul is one of the top restaurants not just in Fuerteventura but also in the entire Canary Islands. Set in a stunning location looking out over the Atlantic and the old harbour at El Cotillo, here you will enjoy excellent fresh fish and seafood dishes, along with an extensive selection of soups, salads, meats, rice dishes and home-made desserts.

Requena, 9. El Cotillo - Fuerteventura. T. 928 538 685.

Canary Islands Pursue Energy Efficiency In Services Sector

The Canarian government’s Department of Tourism is accepting applications for funding for energy efficiency projects in small tourism industry businesses (non-accommodation) in the islands. The categories covered includes restaurants, cafeterias, active tourism businesses, travel agencies and other companies listed in the Canary’ Islands’ Register of Tourism Businesses.

The small-business funding can be used for installing air conditioning, cooling, ventilation, heating and hot water, as well as lighting and commercial refrigeration, kitchen, washing and laundry equipment. The non-repayable grants programme has a budget of nine million euros from the fund known as Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), which is

100% funded by the European Regional Development Fund (FEDER). It forms part of the EU’s response to bring about recovery from the crisis caused by the Covid-19 pandemic and its consequences on society, and to help prepare for a green, digital and resilient recovery of the economy.

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