Island aid
28/05/2008
Leather, leathergoods, footwear and fur are all among the industry sectors to benefit from a special compensation plan that the Spanish government has in place to help manufacturing companies in the Balearic Islands.
The largest island in the group, Mallorca, has a long tradition of working with leather, especially in footwear; famous brands from there include internationally famous names such as Camper and newer ones such as Alcover, which makes men's shoes under the Bay brand name.
In total, the government has made available €4.3 million to compensate Balearic companies for the high transportation costs they face when shipping their products. Companies are free to apply for a share of the fund. This year, a record number of firms, 658, has applied.
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