The social dialogue board for "re-industrialisation".

22-01-2018@VicepresidencIB

The Balearic government is to allocate 105 million euros to create 3,000 jobs over the next eight years and to also boost exports.

President Armengol yesterday chaired the "social dialogue board", the strategy of which is to "re-industrialise" the Balearics. This board and its plan for 2018 to 2025 involves six government ministries, unions and business associations.

Armengol said that a fundamental factor in assisting the islands' manufacturing and industry will be the special economic regime. The Madrid government has committed to introducing this for next year. Among other things, it will compensate the costs of insularity.

There are 65 actions actions in the plan. These are divided into seven categories. For technological acceleration, modernisation and innovation, investment of 25 million euros is being scheduled. The highest spending - 30 million euros - will go on training. This will have a dual purpose. It will be for the unemployed and for increasing worker specialisations.

Other money will include investment in promoting exports and improving logistics and energy efficiency. The sectors mainly being targeted under the plan are nautical, aeronautics, new technologies, food, fashion, furniture and cultural production.

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Henry James / Hace 10 months

Have they asked the hoteliers,the real power on the Island,having all but wiped out private renting,they will need a cheap labour force for all those new hotels they are building.

+2-

Larry HENSON / Hace 10 months

That small sum for what they want will not address the issue!

+1-

TC / Hace 10 months

Preparing for diversity for the future, sensible move as the all inclusive hotels won't be giving anything to the local community apart from saturation of tourists keeping their hands firmly in pockets!

+7-

Richard Pearson / Hace 10 months

Will, the locals have had opportunities since the 60’s and 70’s except that they blew it by not catering to the demand of the foreign yacht owners. They only started upping their game when the competition from SMALL foreign firms, run by one or two, generally north Europeans, started taking business away, which in turn started an influx of even more business. And they did this with absolutely no help from the local government, just by hard work and risking their property if any cash was needed.

+3-

Richard Pearson / Hace 10 months

One million euros a month to re-activate the local industry and create 3.000 jobs ? They must be joking. Banks loan this amount per day. It’s a cynical ploy by the local government to gain more votes ( like Son Dureta) for the next elections, paid for by the taxpayer and also most probably by the tourists with their “eco” tax. And don’t bother applying if you can’t speak, read and write Catalan, as another article has mentioned. Which will mean that the money will stay firmly in the pockets of those who make the rules and no foreign entrepreneurs who are foolish enough to invest money here.

+4-

Will / Hace 10 months

Good news for sure. Many trades and technical support come from outside Mallorca to earn very good money in the nautical sector. This may give Mallorca locals the same opertunities.

+6-

Steve Riches / Hace 10 months

About time too. All we have to hope is that the money goes to the prime purpose and not into back pockets. The island urgently needs to diversify.

+13-