The City Council allocates € 45,000 to subsidise new business projects in the municipality.  The deadline for submitting applications ends on July 27th.  The Santiago del Teide City Council has issued the call for granting of grants to support the start-up and start of the activity of those business projects that generate economic activity and jobs in the municipality and that have started from October 20, 20120 to the date of presentation of the application.  For it, it has allocated an economic amount of € 45,000 and the The deadline for requesting these grants ends on July 27.   Through this call for aid, it is intended to promote the generation of economic activity in the municipality, trying to encourage the generation of new business activities that give response to the needs of society and that allow them to compete in the local productive fabric.  This call may be attended by natural or legal persons as well as communities of property that have started during the period established in each selection process an economic activity; that his location as well as its fiscal and social domicile, is in the municipal term of Santiago del Teide and have carried out a initial investment for an amount equal to or greater than two thousand euros, which must justify at the time of application and that it is microenterprises that employ a staff of less than 10 workers and that the turnover or assets do not exceed 2 million euros, among other requirements.  The help to grant by the City Council of Santiago del Teide will be up to a maximum of € 3,000.00 with a cap of 50% of the eligible investment (minimum investment € 2,000.00), in accordance with established in base 4. The granting of this aid will be conditioned on budget availability, prioritizing the projects, as long as they meet the requirements established in each call, according to the date of entry in the General Registry.  The total volume of aid to be awarded in the calls annual, will not exceed the amount of the credits corresponding to the exercise in question, so these will be granted until exhaustion the existence of available credit.  To obtain more information in this regard, you should contact phone 922-86-31-27 ext 401.