Canary Islands Boosts Funding for Youth Employment Program

Overview

The Canary Islands' employment authorities announced a substantial boost in funding for a program aimed at helping young unemployed people find work.

'Incentívate' Initiative

• Backing young people registered in Spain’s Youth Guarantee System
• Total budget increased to €385,233.70
• Additional €75,000 allocated to the program

This increase ensures that all valid applications for the third recruitment period of 2024-2025 will be funded, highlighting the region’s commitment to tackling youth unemployment.

Fund Distribution

• Most of the additional funds allocated to the third and final phase of the program
• Phase receives €155,000

Goals and Impact

• Promote job creation among young residents
• Support local businesses
• Create new opportunities
• Help stabilize the regional economy
• Improve employment prospects for young people

Broader Objectives

• Expand the initiative to benefit more young people
• Foster economic growth
• Promote social stability in Gran Canaria