Financial entities will anticipate Social Economy associations financing salary costs



The objective of the agreement is to have an advance payment of the amount of the subsidy approved by the Board before the liquidation of the aid, through the formalization of a loan under preferential conditions.

This will facilitate and improve the financing of the wage costs of workers with disabilities in special employment centers and workers at risk of exclusion in the Insertion Companies that have applied to the Ministry of Employment for subsidies to finance the first 50 percent of the Minimum Interprofessional Salary (SMI).

Specifically, they have signed the agreement Banco Caixa Geral SA, Banco Caja España de Inversiones, Salamanca and Soria SA, Banco Santander SA, Caja Rural de Zamora Cooperativa de Crédito, Triodos Bank NV and Banco Popular Español SA

On behalf of the Social Economy sector, the agreement has been signed by the Spanish Business Federation of Associations of Special Employment Centers (FEACEM CYL), the Association of Special Employment Centers of Castilla y León (ACCECYL), which encompass the employment of people with disability in the Community, and the Association for the Promotion in Castile and Leon of the Companies of Insertion (FECLEI), which brings together companies that employ workers in situations or at risk of social exclusion.

The Minister of Employment, Carlos Fernandez Carriedo, stressed the relevance of this agreement, which facilitates credit to companies that benefit from these grants, which mean that the Board subsidizes the first 50 percent of the SMI, something that remains the amount has been raised, a “positive” initiative of the State, but that must also suppose that the Central Executive assumes its share of the cost.

Fernandez Carriedo has highlighted the importance of the agreement signed not only by the creation of employment in its amount, but by the type of employment generated by the entities that have signed this agreement, which also contribute to the professional promotion of people with disabilities or in risk of exclusion, many of which have made the “jump” to the ordinary labor market, which in turn opens the door for other people in their situation to access these jobs in the Social Economy.

In addition, the counselor recalled that although it was not commitment of the legislature, public procurement of a social nature gives priority to EWCs and integration companies, which will have advantages that will involve a greater workload and people with disabilities can find work .

For his part, José María Ibáñez, of FEACEM, has highlighted the importance of the agreement because behind this act there are about 6,000 workers, 33 percent in rural areas, and 220 companies between CEE and insertion companies. In this regard, he said that employees can continue to charge on time, since there were no delays, but even a little sooner.

Ibáñez has highlighted the reference that is Castilla y León in this area and has said that now with active policies have “tailwind” in this term.

It has also influenced that every time that it contributes more to generate employment that improves quantitatively and qualitatively and this contributes to generating wealth, since for every euro invested it is returned to the public fund 1.7, although if there are other factors it can increase.

Ibáñez, after highlighting the positive aspects of public-private collaboration in Castilla y León, believes that there are still pending issues and that we must continue talking about visibility, investing projects and incorporating more added value into the sector, as well as addressing issues of responsibility corporate social

On the part of the financial entities, Isabel Sánchez, of Triodos Bank, has expressed the satisfaction of being able to contribute so that these employees can collect the payroll on time and has highlighted the work of the social entities because it considers that it is necessary to keep in mind that the activity human is linked to the economic.

In addition, he considers it satisfactory to join a number of financial institutions, has been confident that they will do more and stressed that the social entities move forward is a “duty of all” and in the case of the financial world it is not it is separate from the human and the social.



The Minister of Economy, recalled that several objectives have been achieved to which the Board had committed for the current term, such as to overcome the 5,000 disabled workers employed in the Community, since December 31, 2017 have been reached the 5,462 employees in the EWC, who also increase for the first time until they reach the 215 Special Employment Centers registered in Castilla y León.

In addition, he recalled that the budget of the Employment Council of 2018 in the field of Social Economy for employment with disabilities and workers in situations or risk of exclusion amounts to 24 million euros, representing an increase of 4.3 per percent compared to the previous year.

The counselor has also pointed out five other issues that have been achieved in the area of ​​Social Economy over the past few years, specifically complementing up to 75 percent of the SMI of new contracts for workers with disabilities, with special difficulties, assuming the increase approved by the State; recover the financing of investments linked to new projects and the hiring of workers with disabilities in the CEE; promote the hiring of support technicians for workers with disabilities who work in the ordinary company and the hiring of support personnel for workers in situation or risk of exclusion in insertion companies.



The banking entities undertake to study and formalize in favor of the EWCs and the insertion companies a loan linked to the approved grants, with financial conditions with a maximum fixed interest rate of 1.75 percent on the amounts provided, and up to 0.25 percent of opening commission; and the amortization at the moment of the effective income of the subsidies. The only personal guarantee that is established is the irrevocable domiciliation of the requested subsidy.

The Ministry of Employment, through the General Directorate of Social Economy and Autonomous and the nine Territorial Work Offices, will certify the registration of the EWCs and insertion companies in the corresponding registry and the list of applications submitted corresponding to the call for proposals. financing of labor costs, as well as the amounts granted.

The agreement will have a duration of one year from the signing, being able to agree the extension for a period of up to four additional years or its extinction. The agreement also allows the subsequent accession of more financial entities to this agreement.