Growing interest in establishing new businesses

The Adeje CDTCA (Costa Adeje Centre for Tourism Development) recently ran a course on setting up businesses, with 18 participants, business persons who have recently or are about to establish a new enterprise. The aim of the course, led by specialist Sabita Navalrai Jagtani Jagnati, was to impart basic and important information about being self-employed.

The initiative was the idea of the employment arm of the provincial confederation of businesses (CEOE-Tenerife), with financing from the Canarian Employment service and the European Social fund in conjunction with the Adeje council.

“For quite a while we have encouraged training among the local business community, for us it is very important that entrepreneurs have all the information they need. We are aware of the risks in setting up a new business which is why we decided to offer training in a hands-on manner”, explained the councillor for employment policies and local development Manuel Luis Méndez Martín.

The councillor continued, “Adeje is home to many self-employment initiatives, most of the them successful and the council is happy to help with all new ideas and job creation niches which all contribute to the overall economic and social growth of the borough”.

The 30 hour course offered participants the chance to learn the basic steps of setting up a business, evolving a company schematic, and developing an economic viability plan. Participants were able to bring their own business proposals to the table which included ecological service set-ups, selective recycling proposals, online design and marketing as well as businesses perhaps better known in the borough such as restaurants, florists, shops, etc.

Department of Communications

Over 200 New Businesses in Adeje

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Figures just obtained from the Technical Department under councillor José María Álvarez Acosa show that during 2013 almost 230 new businesses opened in the borough. Just 31 closed during the same 12 month period.
The councillor says these figures show “that our borough continues to be a place to do business in, an place for investments and that we have earned the confidence of the businesses community, from large employers to medium and small enterprises. The good economic state of the zone, as we see it, is a reflection of the healthy state of the tourism sector that has responded well to the economic crisis and now is the time for those in enterprise, whether they are service providers or producers, to benefit”.
As well as assisting in the opening of almost 230 new businesses the Council’s Technical office also processed 718 decrees and dealt with over 4,000 petitions most of them dealing with urban and works licences.
José María Álvarez says he is pleased with the end–of-year balance saying the figures reflect the advantages of prompt and efficient dealing with petitions from people and investors. “We have made an effort to reduce the amount of paperwork and bureaucracy needed for certain processes and under new regulations regarding classification of certain activities granting opening licences for businesses is a simpler process as well as seeking licences for the development of leisure activities.

Up to €1 million in credit for small and medium enterprises

Adeje mayor Jose Miguel Rodriguez Fraga and Microbank Managing Director Alberto López

Adeje mayor Jose Miguel Rodriguez Fraga and Microbank Managing Director Alberto López

Good news for small and medium enterprises in Adeje.

Yesterday the council signed an agreement with Microbank with up to one million euros being made available to people in need of loans to maintain or start small businesses.  Companies employing or planning to employ up to 10 persons and with a turnover of €500,000 per annum can apply for the loans through the council and if approved will be given up to €25,000, without the need for guarantees, to be paid back at 8.25 per cent.

The new initiative will, it is hoped, both save and create jobs in Adeje.

Today on English Time, on Radio Sur Adeje, at 1pm,  you can hear an interview in English with both Alberto Lopez from Microbank and  Cesar Garcia Arnal from UPTA, the union of professionals and self employed giving more details of the scheme.