Kannur district has received significant allocations in the State Budget presented by Finance Minister K.N. Balagopal, with new projects announced across sports, culture, industry, health, and infrastructure sectors.

The Budget has earmarked ₹10 crore for preliminary works of the integrated international sports hub in Kannur. Designed as a self-sustaining, world-class sports facility with high-revenue commercial real estate, the hub will include a FIFA-standard football stadium, an FIH-standard hockey arena, a shopping mall, and a four-star hotel. The feasibility of a public-private partnership model will also be explored.

The sports facilities at Brennen College, Thalassery, will be upgraded to a residential sports academy, for which ₹2 crore has been provided for initial works.

For port development, ₹6.96 crore has been allocated for initial works towards developing the Malabar greenfield port (outer harbour) at Azhikode into an international port.

A permanent nightlife and cultural corridor will be set up at Peralassery along the lines of Manveeyam Veedhi in Thiruvananthapuram, with ₹2.5 crore allotted for preliminary works. The project will feature an open-air stage for folk art forms such as Theyyam, markets for Kudumbashree products and a literary corner. In addition, ₹4.50 crore has been allocated for exhibits, landscaping, and annual maintenance at the Peralassery A.K. Museum.