The Balearic Islands will receive 3 million euros from the Ministry of Industry, Trade and Tourism for Next Generation projects in the commercial sector.

Dec 16, 2022 | Current affairs, Featured, Revista Lloseta, Thursday Daily Bulletin, Tradition

The beneficiaries of this call will be businesses in Mallorca, Formentera and Mahón, which join Ibiza, the main beneficiary of last year’s call.

TDB keeps you informed. Follow us on FacebookTwitter and Instagram.

The Ministry of Industry, Trade and Tourism has awarded 3,037,139.20 euros to the Council of Mallorca, the Council of Formentera and the Mahon Town Council from the Next Generation calls for businesses in tourist areas and rural areas in the Balearic Islands

This was agreed upon at the inter-territorial meeting convened by the Ministry with all the autonomous communities, in which the Vice-Presidency of the Government and the Ministry of Energy Transition, Productive Sectors and Democratic Memory took part, through the Directorate General of Trade.

With this figure, which represents 2.87% of the total funding, “we have managed to extend the population criterion whereby only 2.57% would correspond, and we have achieved the distribution between islands”, celebrates the Director General of Trade, Miquel Piñol.

It is worth remembering that Ibiza was the main beneficiary of the 2022 call and is already implementing Next Generation projects for the commercial sector, which will now be joined by projects in the rest of the islands.

“We have managed to ensure that, as of today, all the islands have Next Generation funds for commerce,” said Piñol. “In the 2021 call for proposals Ibiza was the main beneficiary, and this year Mallorca, Menorca and Formentera will also benefit. In fact, Formentera’s budget will be the largest, with a total of 1.2 million euros. The director general added.

In addition to the 1.2 million euros that the Formentera Council will receive, the Mallorca Council will receive more than 900,000 euros for businesses in tourist areas and up to 393,000 euros for rural areas.

The Mahon Town Council, meanwhile, will receive more than 500,000 euros under the tourist zone line.