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Home Europa Press

Tenerife Offers €450,000 in Grants for Industrial Companies to Revamp Their Brand

October 25, 2024
in Europa Press
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Tenerife Offers €450,000 in Grants for Industrial Companies to Revamp Their Brand
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SANTA CRUZ DE TENERIFE 25 Oct. (EUROPA PRESS) –

Nearly 50 industrial enterprises are eligible for the grants introduced by the Cabildo to refresh their branding, which will entail an investment of 450,000 euros among firms in this crucial sector on the island, once the adjustment period concludes.

The Minister of Industry, Manuel Fernández, expressed his “pleasure at the favourable response this initiative has received from the industrial sector, prompting the decision to continue it in future financial years.”

In this regard, Fernández highlights in a statement that “the success of this initiative addresses a need in the sector that had previously gone unaddressed by the Cabildo, aiming to modernise the branding of companies within the industrial sector, which is a clear commitment to innovation.”

These grants are designed to cover costs associated with the renewal and alteration of identification signage and posters for the industrial establishments of self-employed individuals, businesses, and other entities in the industrial domain.

Councillor Manuel Fernández concludes that the objective is to enhance the visibility of industrial companies, fostering economic growth within Tenerife’s industrial zones, “while aiding in the navigation for their current, potential, and future clients.”

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