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5 clusters · 19 sources · 27 days · First seen · Last updated

Canary Islands economic, housing, and employment initiatives

Overview

The Government of the Canary Islands has introduced several initiatives aimed at economic, strategic, and social development. To support the circular economy, the Ministry of Ecological Transition and Energy launched ‘Circular Canarias’, a digital platform designed to centralize information and resources for public administrations, businesses, and citizens. This platform supports the Circular Economy Strategy 2021-2030 and the Circular Economy Action Plan 2024-2026. In terms of employment, the government is implementing an ‘Employment Accelerator’ pilot project with a three-million-euro investment. The program aims to create up to 170 jobs by providing four months of intensive training in high-demand sectors, including the blue economy, cybersecurity, the agri-food industry, water and energy, and artisanal trades. Participants who complete the training can enter two-year dual vocational training contracts, with participating companies committing to permanent employment upon successful completion. Additionally, the government has announced a housing initiative for younger residents. The ‘Youth Rental Bonus’ (Bono Alquiler Joven) 2026-2027, opening on September 18, provides up to 250 euros per month for up to 24 months, totaling a maximum benefit of 6,000 euros per person. This 12.87 million euro program targets individuals aged 18 to 35 and is funded by the Ministry of Housing and Urban Agenda alongside local contributions from Tenerife, Lanzarote, and La Graciosa. Expanding its economic outreach, the archipelago’s trade agency, Proexca, recently concluded a working mission in Japan to target the digital and video game sectors. Following meetings in Kyoto and participation in the Tokyo Game Show, the mission successfully generated interest from Japanese investors. A reverse mission is planned for October, with approximately ten Japanese companies expected to visit the islands to explore opportunities in video games, animation, microelectronics, and semiconductors. Alfonso Cabello, President of Proexca, noted the mission succeeded in opening markets by showcasing the islands' strategic position and specialized talent.

Entities

Government of the Canary Islands · Proexca · Canary Islands · Circle Economy · Deloitte

Timeline

  1. [TECHNOLOGY] 2 sources
    Canary Islands promotes aerospace strategy at international congress

    The Canary Islands is presenting its 2030 Aerospace Strategy at the International Astronautical Congress in Turkey to attract global investment and position the region as a space industry hub.

  2. [BUSINESS] 2 sources
    Canary Islands attracts interest from Japanese video game firms

    Ten Japanese video game companies have expressed interest in investing or collaborating with the Canary Islands' digital ecosystem, prompting a follow-up mission to the islands in October.

  3. [BUSINESS] 10 sources
    Canary Islands attracts Japanese interest in video game sector

    Japanese companies are planning a mission to the Canary Islands this October to explore investment opportunities in the video game and digital sectors following a successful trade mission in Japan.

  4. [BUSINESS] 2 sources
    Canary Islands launches employment accelerator to create 170 jobs

    The Canary Islands is investing €3 million in an 'Employment Accelerator' pilot project to create 170 jobs by aligning vocational training directly with the specific hiring needs of strategic industries.

  5. [BUSINESS] 5 sources
    Canary Islands launches Circular Canarias digital platform

    The Canary Islands launched the ‘Circular Canarias’ platform to promote circular economy strategies, amid global reports showing €25.4 billion in annual economic losses due to resource inefficiency.

Sources

atlantico.net · atlanticohoy.com · cise.es · construible.es · elburgado.com · elperiodicodeycodendaute.es · eltambor.es · lancelotdigital.com · lanoticiaregional.com.mx · merca2.es · mundolapalma.es · noticiasdemalaga.es · que.es · republica.com · santarosamendoza.gob.ar · scherzo.es · tribunadecanarias.es · weareaquaculture.com · web.eldia.es

This summary has been updated 3 times: see revision history