Budgets Committee approves €840,000 in EU aid for redundant workers in Spain

The Budgets Committee approved on Thursday €840,000 in European Globalisation Adjustment Funding to help 300 workers who lost their jobs in the construction sector in Valencia get back on to the labour market. The decision still needs to be endorsed by Parliament as a whole and Council.

Some 140 enterprises in the region of Valencia face serious difficulties as the production of non-metallic mineral products (such as concrete, fibreglass insulation products and tiles) has declined significantly since 2008. This negative trend applies to the entire EU but production in Spain has declined more steeply.

Consequently, some 630 workers were made redundant in Valencia. Of these, roughly 300 are expected to take up the measures designed to help them back into work.

Press release

Social innovation driven by social business and young entrepreneurship

Preparatory action

Social innovation driven by social business and young entrepreneurship

CALL FOR PROPOSALS - VP/2013/017

The objective of the preparatory action is to identify, develop, promote and disseminate the good practice of national, regional or local governments and of financial intermediaries in assisting young social entrepreneurs at times of high youth unemployment. As such, the preparatory action will contribute to realising the potential of young and social entrepreneurship, emphasised also in the Commission’s Social Business Initiative 2011, Annual Growth Survey 2011, as well as in the Communications ’Towards a job-rich recovery’ 2012 and ‘Social Investment for Growth and Cohesion’ 2013.

The Preparatory Action is addressed to social enterprises in their early stages, and to social enterprises started or developed by young people that have the potential for 


• realising innovative solutions with a clear social and environmental impact,

• scaling their innovative approach, or for

• transferring their approach for replication in particular to young entrepreneurs.