Canary Islands 'Retorno al Empleo' Subsidy Scheme

Overview

The Canary Islands government has launched a new subsidy scheme called 'Retorno al Empleo' aimed at boosting job creation and reducing long-term unemployment.

Key Details

• The program is open to organizations that meet established criteria.
• It offers financial aid for hiring workers during various periods throughout 2025 and early 2026.
• The total fund available is 1.2 million euros, split across three phases.
• The initiative encourages companies to commit to hiring contracts signed between April 2025 and March 2026.
• Businesses must submit their applications electronically within specific deadlines.
• Recipients are required to maintain employment commitments for a minimum period.
• There will be regular checks to verify that jobs are preserved.

Objectives and Benefits

This effort aligns with broader economic development goals, helping to stimulate local employment, particularly for those who have faced prolonged joblessness.

• The subsidy supports companies and promotes social and labor integration.
• It offers a significant financial boost for organizations willing to hire and retain workers in the region.
• For residents and expats, this initiative provides more opportunities for stable employment, especially during the recovery phase after economic challenges.