The Prime Minister of Spain, Pedro Sanchez on Saturday announced that the government will be investing €1.3 billion in vocational training, which is the largest commitment ever made by any government.
The Prime Minister announced the new investment during a Socialist Party event in Pamplona.
Speaking about the magnitude of the project, he said, “It is the biggest commitment to vocational training that any government has ever made.”
The investment is part of the government’s plan to improve the jobs market in Spain, especially for young people, who have already seen improvements since a 2021 labor law brought in by Sanchez’s left-wing government.
Reuters reported that the measure will be approved at the upcoming cabinet meeting, and it will create 45,000 bilingual vocational training places, 824 new training centers, and over 1,500 classrooms for technology and entrepreneurship.
According to Sanchez, “We are creating more and better jobs…and the best tool is to bet on quality vocational training, like the most advanced countries in Europe.”
Sanchez stated that the government has already invested €6.6 billion, and the new investment aims to help reduce youth unemployment.