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Diario PYME

Government Allocates 45 Million Euros to Canary Islands for Comprehensive Employment Plan

The investment is part of a 110 million euro package approved by the Council of Ministers to promote sustainable employment and vocational training in several autonomous communities.

Generic image of hands exchanging money, symbolizing an economic transaction.
IA

Generic image of hands exchanging money, symbolizing an economic transaction.

The Government has approved an investment of 45 million euros for the Canary Islands, as part of a total package of 110 million, with the aim of boosting a comprehensive employment plan that promotes job placement and vocational training in the region.

The Council of Ministers greenlit a significant economic injection of 110 million euros this Tuesday, managed through the State Public Employment Service (SEPE). These funds will be distributed among three autonomous communities to strengthen their comprehensive employment plans. Of this amount, Andalusia will receive 50 million, the Canary Islands will benefit from 45 million, and Extremadura will receive 15 million.
The Ministry of Labor and Social Economy, which promoted these subsidies, has stated that the main purpose is to combat unemployment and optimize employment quality. In the case of the Canary Islands, the economic allocation will be directed towards developing a more dynamic and territorially adapted active employment policy, with a strong social focus.
This initiative will prioritize attention to vulnerable groups, including women with low employability, young people without work experience, individuals over 45 years old, immigrants, people with disabilities, and long-term unemployed individuals, as well as those residing in rural areas. Furthermore, vocational training will be promoted to be more connected to the local productive fabric and aligned with the principles of the green, digital, blue, and creative economy.
The plan also includes fostering entrepreneurship, local innovation, and the development of collaborative employment projects in strategic sectors for the Canarian economy. The approved Royal Decree regulates the direct granting of these subsidies for the 2026 budget year, and their implementation will be formalized through specific agreements between the SEPE and the respective autonomous communities.

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