25th Jul 2024 @ 8:12 am

The Cabildo has announced the distribution of over €90 million of treasury remainder funds from the 2023 budget. The funding is expected to be approved at a General Meeting next week. 

The main areas where the funds will be distributed are as follows: 

Housing

€8 million for the purchase of 42 homes under construction in Yaiza and destined for social housing

€3 million for the purchase of two plots for social housing in Arrecife and one in San Bartolomé.

€2.2 million in grants and subsidies for those seeking homes “especially young residents of Lanzarote and La Graciosa.”

Social Welfare

€4 million for inclusion, the aged, dependents and addiction services

€2.6 million for grants and subsidies. .

€7.3 million to improve accessibility,  distributed between the municipalities in relation to their population.

Agriculture

€6.1 to the island’s Water Consortium  for an irrigation plan in Tinajo and Teguise.

€3.9 million in grants to farmers.

Other projects

€4.6 million to bury the electricity cables between Maciot and Las Casita de Femes, removing the need for pylons.

€5 million for a helicopter and an emergency tow-truck, plus associated maintenance costs. These will “further reduce the reaction time to emergencies.”

€4 million for early repayment of loans.

€2.3 million to renovate the Island Library in Arrecife.

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