The high levels of youth unemployment observed both in Europe and in Spain in recent years show the seriousness of the socioeconomic situation facing the group of young European people and the importance for both Public Administrations and for the society as a whole take the appropriate measures to successfully face this challenge.
The European Council, in its Conclusions on the multiannual financial framework of 8 February 2013, decided to create the Youth Employment Initiative for the period 2014-2020, with the aim of supporting the measures proposed by the European Commission on 5 December 2012. This initiative was created with the aim of financing youth employment measures in those European regions with youth unemployment rates above 25 %.
The Spanish State, following the European recommendations, established the National Youth Guarantee Plan, which includes a common catalogue of actions being developed by the agents involved in the Youth Employment Operational Programme (POEJ in Spanish).
Within the framework of the Youth Employment Initiative and the Youth Employment Operational Programme (POEJ), ”la Caixa” Foundation has been designated the Intermediate Organisation of the POEJ for the period 2014-2020.
On 20 June 2017, the European Council confirmed the increase of the Youth Employment Initiative (YEI) by €1.2 billion for the period 2017-2020. Of this additional amount, Spain was allocated €418,164,435 for this period, which has been supplemented by an equivalent allocation from the European Social Fund. The resulting additional amount (€836,328,870) has been incorporated into Area 5 of the Operational Programme for Youth Employment in the modification approved by the European Commission Decision of 18 December 2017.
For this reason, within the framework of Thematic Objective 8: Promoting sustainability and quality in employment and promoting labour mobility, ”la Caixa” Foundation has launched the fourth Youth Employment call to continue encouraging the creation of stable, good quality employment for young people and contribute to reducing youth unemployment in Spain.
As in previous calls, this new call aims to be a direct aid to companies and organisations to achieve this objective, in turn boosting business activity and, ultimately, economic growth.
With funds totalling €2,100,000, jointly financed by the European Social Fund, the Youth Employment Initiative and ”la Caixa” Foundation, a grant scheme has been set up to support the employment of young people (aged over 16 and under 30) registered with Spain's National Youth Guarantee System, whose aim is to benefit the largest possible number of unemployed young people.