The President of the Government, Pedro Sánchez, has announced an investment of 800 million euros for the Strategic Project for Economic Recovery and Transformation (PERTE) of the Social and Care Economy. The Council of Ministers will approve this project next Tuesday.

Although the plan had already been announced, the amount that the Executive was going to allocate to this PERTE had not been anticipated, which ultimately falls far short of the recently announced semiconductor project (more than 12,000 million), but exceeds the of the shipbuilding industry and the circular economy.

According to Sánchez, the investment is made with two fundamental objectives: to develop “the full potential of the social economy” (improving competitiveness among SMEs or promoting transition mechanisms that guarantee sustainability) and to strengthen “advanced services in the field of the cares”. Likewise, the president considered it “fundamental” to incorporate “a strategic objective to develop a cutting-edge hub in order to position the Spanish social economy as a benchmark for all of Europe”.

Thus, for example, the Government proposes a project that allows “professionalizing the work that women have traditionally carried out” and “making visible” the role they have had “in the fight against the demographic challenge in rural areas”.

Yolanda Díaz, Second Vice President of the Government and Minister of Labor and Social Economy, alluded in her speech to the ‘surname’ shared by this PERTE and its Ministry. As she pointed out, by naming her portfolio “we were saying that there is another way of doing things in a more inclusive, more humane, more supportive and very important way for the people of our country.”

Díaz also wanted to contextualize the contribution of the social economy to Spain, since, as he explained, it accounts for 10% of the country’s GDP and employs 2.2 million people. The idea is that with this PERTE the contribution to the Gross Domestic Product is increased by one point.

Conforms to The Trust Project criteria