NEW COMPANIES ON THE INCREASE IN CANARIES

The Canary Islands saw a total of 411 new businesses created in April, 20.2 % more than the same month last year when 342 new firms were created, according to statistics from Spain’s College of Registrars. In Spain as a whole, the number rose by 2.2 % in April compared to the same month in 2022. By regions, six out of every ten new businesses were set up in Madrid, Catalonia and Andalusia. Nine regions saw their year on year rate fall in April, particularly Extremadura, Cantabria and Galicia. By way of contrast, eight regions recorded a rise in new firms, with Castilla y León, Valencia and the Canaries leading the way.

2023 has seen four consecutive months of increases, a recovery which began in the last quarter of 2022, when positive and negative months alternated after five consecutive months of falls. April of this year saw 8807 new firms created in the country, compared to 8615 in the same month last year.