The V Conference of Presidents agrees on the criteria for the Fdcan 2026-2036, with a multiannual budget of €1.626 billion. La Palma maintains 80% co-financing, the same as Lanzarote and Fuerteventura.
The President of the Canary Islands, Fernando Clavijo, announced on Thursday the details of the new Canary Islands Development Fund (Fdcan) for the period 2026-2036, following the agreement reached at the V Conference of Presidents between the regional government, the councils, and the municipalities. The pact, which sets the strategic investment lines, maintains differentiated funding percentages by island, with 80% for La Palma, Lanzarote, and Fuerteventura, 90% for La Gomera and El Hierro, and 50% for Gran Canaria and Tenerife.
Clavijo highlighted that the Fdcan 2026-2036 starts with a multiannual budget of €1.626 billion guaranteed by the Government of the Canary Islands, although the final figure could reach €2.6 billion thanks to contributions from the island corporations. “If we invest in equal islands and territorial cohesion, it is important for the government to support the non-capital islands,” the president stated during the press conference following the meeting.
Housing, social health infrastructure, and innovation are the three main investment axes of the new Fdcan. Specifically, 50% of the funds will be allocated to public works, 35% to social health infrastructure, and 15% to R&D+i. Job creation remains a cross-cutting axis in all projects executed.
The Canary president thanked the collaboration of councils and municipalities for “continuing to work towards the economic, social, and territorial cohesion of the archipelago through strategic investments that will generate jobs and strengthen essential public services.” In this regard, he recalled that the previous Fdcan, between 2016 and 2026, invested €2.619 billion across all islands, with an economic impact of €4.504 billion and the creation of 47,287 jobs.
The new Fdcan, as Clavijo explained, will be governed by an “open” decree that will now receive contributions from all institutions to “enrich” the regulatory text and make it “much more effective.” The intention is for the fund to address multiannual projects focused on current challenges such as housing, creating more social health places, and research.
For the municipalities of La Palma, such as Los Llanos de Aridane or Santa Cruz de La Palma, maintaining the 80% co-financing represents a key support for public housing projects and infrastructure rehabilitation following the 2021 volcanic eruption. The president expressed confidence that the new Fdcan will replicate and even improve the “success” of the previous decade.
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