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Telde approves a film studio in El Goro with a €1.04 million investment

Telde authorises a €1.04 million investment to create a film studio in El Goro, boosting the local audiovisual industry.

Candela RiveroCandela Rivero· · 3 min read

The Telde City Council approves the licence to transform an industrial warehouse in the El Goro industrial estate into a film studio and production offices, with a private budget of €1,042,629.

The municipality of Telde is advancing in its commitment to the audiovisual industry. The Local Government Board will give the green light to the major works licence to adapt an industrial warehouse in the El Goro industrial estate as a film studio and production space. The private investment amounts to €1,042,629.44, according to the City Council.

The building, located on Josefina Mayor Street, will feature a large filming space, as well as technical and administrative facilities for the promoting company. The project has received favourable technical and legal reports as it complies with the current urban planning regulations.

The two-storey warehouse has all basic services: water, sewage, electricity, public lighting, and vehicular access. Canary Island urban legislation grants a maximum period of two years to start the works and four years for their completion.

The mayor of Telde, Juan Antonio Peña, has positively evaluated the initiative. “Each licence that completes its processing represents an opportunity to continue generating economic activity, employment, and business confidence,” he stated. Peña emphasised that “the establishment of a new film studio demonstrates that Telde has the necessary conditions to attract innovative and future-oriented projects.”

The mayor highlighted the municipality's strategic location, its communications, and the consolidated business fabric as factors that favour this type of investment. “The audiovisual industry represents an extraordinary opportunity to diversify the local economy. Each production generates economic movement in numerous sectors and projects the image of our city far beyond our borders,” he added.

Peña also insisted on the City Council's efforts to expedite administrative procedures: “We continue to work to streamline procedures within the legal framework and provide legal certainty to those who decide to invest in Telde. We want companies to find here a place to develop their projects, create jobs, and contribute to the municipality's growth.”

The arrival of this studio reinforces the role of the Canary Islands as a filming destination, thanks to its tax incentives, infrastructure, and climate. Furthermore, the location in the El Goro industrial estate consolidates this area as an economic engine of the municipality, attracting new private investments and high value-added activities.

The project will not only allow for the development of film and advertising projects but will also generate opportunities for auxiliary companies in logistics, transport, hospitality, commerce, construction, equipment rental, and professional services.

This action is part of the municipal strategy to attract productive investments and strengthen emerging sectors capable of generating wealth and stable employment. Telde aims to establish itself as one of the main economic and business hubs in Gran Canaria.

The future facility adds to other initiatives aimed at diversifying the local economy, traditionally linked to the service sector and agriculture. The Canary Islands audiovisual sector is experiencing a boom, with a volume of filming that places the archipelago among the most sought-after European destinations.

Candela Rivero

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Candela Rivero

Redactora

Economista por la Universidad de Las Palmas de Gran Canaria y friki de las hojas de cálculo sin remedio. Le van los gráficos, las startups y explicar por qué sube la vivienda; jura que un día entenderá las criptomonedas.