New Opportunities for Innovation in the Balearic Farming Industry

The scheme supports agri-food businesses committed to both innovation and sustainability

What does it consist of?

The Balearic countryside is seeing innovation and cooperation through a new financial aid scheme. With €2 million of funding, this initiative seeks to respond to the low competitiveness of the agri-food industry through projects that promote new processes, products and alliances in the Balearic Islands.

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Data

PROJECT TITLE IN THE CALL
Cooperation and innovation ot the agricultural field
LOCATION
Mallorca, Minorca, Ibiza, Formentera
Entity submitting the PROJECT
Govern de les Illes Balears
Entity that executes the project
Fons de Garantia Agrària i Pesquera de les Illes Balears (FOGAIBA)
Project code
ITS2019-016
Total project amount
2.000.000 €
ITS granted amount
2.000.000 €
Executed amount
927.253 €
Call year
2019
Budget implementation status
Executed
Purpose
Environment
Budget execution
Executed: 46.36%
Last updated
13.03.2026

The project

The agri-food industry in the Balearic Islands is under strain from small-scale production structures, low profitability and additional costs due to insularity. This situation has limited its competitiveness, keeping it on the sidelines of technological progress seen in the industry in other regions.

In response, the Balearic Government is offering financial support through the Rural Development Scheme, seeking to establish new cooperation and innovation projects in the farming industry. This support, first granted in 2019, channels sustainable tourism tax to expand the budget available and respond to an unmet demand.

The goal is clear: to foster alliances between farmers, processors and other actors to design quality products and processes. This includes technological development, preliminary tests, strategic investments and marketing campaigns for short food supply chains, in line with principles of sustainability, efficiency and circular economy.

So far, financial support has been granted to initiatives that aim to improve the traceability of local products, reduce the use of polluting inputs and create more direct sales channels between producers and consumers. The overall aim is to build a more resilient, dynamic and competitive model of farming on the islands.