canary islands second consumption voucher scheme launch

Canary Islands Launches Second Round of €3m Shopping Vouchers

€3 Million Boost for Local Commerce

The Government of the Canary Islands has launched the second edition of the Archipelago Consumption Vouchers, an initiative aimed at stimulating trade in neighbourhood shops across all seven islands with a total investment of €3 million. The Vice-President and Minister of Economy, Industry, Trade and the Self-Employed, Manuel Domínguez, presented the new campaign on Tuesday. It increases its funding compared to the previous edition and seeks to establish itself as a key support tool for the commercial sector.

How the Voucher Scheme Works

Of the total investment, €2,448,000 will be allocated directly to issuing vouchers, which is expected to generate an economic impact of close to €4.9 million in participating establishments, thanks to the joint contribution of the administration and consumers. The web platform www.bonoconsumoarchipielago.com will be operational from Wednesday, 15 April at 10:00 for businesses to register for the programme. The vouchers themselves will go on sale on 28 April and the campaign will run for two months. In total, 97,918 vouchers will be put into circulation.

Each voucher will have a face value of €50, for which the user pays €25, with the remainder financed by the Canary Islands Government through the Directorate General for Trade and Consumption, in collaboration with the Chambers of Commerce. Vice-President Manuel Domínguez emphasised that this second edition “reinforces the Government’s commitment to local commerce and the self-employed,” highlighting it as a key sector for the islands’ economy and employment.

Support for Small Businesses and Local Spending

Self-employed individuals, micro-enterprises and small businesses with premises open to the public in the Canaries can join the programme, provided they meet the established requirements. Large retail outlets, distribution chains, public administrations and non-profit entities, among others, are excluded. Vouchers can only be used in establishments on the same island where they were purchased, thereby promoting local consumption.

Users must be adults and can purchase a maximum of four vouchers per island, representing an investment of €100 which translates into total spending of up to €200 on purchases. The vouchers will be registered to the buyer, non-refundable and can only be used for in-person purchases, though they will be compatible with other shop promotions or discounts.

Voucher Allocation and Redemption Process

The distribution of vouchers has been carried out based on the population of each island. Tenerife will have 35,988 vouchers, followed by Gran Canaria with 35,456. Lanzarote will have 8,195, Fuerteventura 6,629, La Palma 5,245, La Gomera 3,453 and El Hierro 2,952.

Each participating establishment will have an initial limit of €5,000 for voucher redemptions, although this may be increased depending on how the programme progresses. Shops must manage voucher validation through the digital platform and will receive the corresponding payment within a maximum of 15 days from justification. Sectors that can benefit from this initiative include electronics, computing, telephony, fashion, sport, DIY and toy shops, among others.

A Proven Tool for Economic Stimulus

Echoing this sentiment, the President of the Santa Cruz de Tenerife Chamber of Commerce, Santiago Sesé, noted that this initiative represents “an effective tool to incentivise consumption and generate new opportunities for thousands of small businesses.” With this second edition, the regional government aims to consolidate a measure that has already proven its effectiveness in the previous round, strengthening local consumption and supporting thousands of small businesses across the entire archipelago.

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