Briefing
The board of Promoción Empresarial y Turística de Gijón, S.A. (Gijón Impulsa / PETSA) has approved the 2026 budget, the largest in the company’s history, while also providing seed funding for a new business hub in the Parque Científico Tecnológico . The municipal budget document lists an amount of €8,268,900 for PETSA; press reports round the figure to around €8.4 million. The budget includes a first tranche of €500,000 for planning, tendering and preparatory construction work for the hub.
The decision was taken at a meeting chaired by the deputy mayor and councillor for the economy, employment, tourism and innovation. PETSA justifies the investment by citing high demand for flexible premises among start-ups and small technology companies wishing to locate in the Parque Científico Tecnológico. Official statements and municipal documents also refer to planned total investment of around €2.5 million for the project; according to the current description, this figure relates to the expected construction costs, but depends on further budget approvals and procurement procedures.
With the start-up funding now approved, PETSA can begin the formal steps for tendering, project planning and awarding contracts. The measure is part of the city’s „Pacto Gijón Futuro 2024–2027“ and complements measures already under way to promote business start-ups, innovation projects and incentives for locating in the area. In the short term, the decision lays the groundwork for specific procurement steps; in the medium term, additional capacity is intended to ease shortages of available offices and workshops and improve conditions for businesses to set up.
Notes: The figures and timelines given here are based on the official budget documents of the City of Gijón and press reports dated 22 September 2026. Specific contract awards, construction periods and completion dates are still subject to subsequent decisions and tender procedures.
Editor: Mira Cadena (Article created with AI assistance).