Madrid, second European region in attracting talent and qualified employment

These data correspond to the Digital Talent Map of Madrid Region drawn up by the social network LinkedIn, which provides information on both the amount of training of people working or looking for work in the region and the interest of qualified professionals in seeking new challenges.

The Regional Minister of Economy, Finance and Employment, Javier Fernández-Lasquetty, participated today in the presentation of this analysis at IE University, which confirms Madrid’s leadership as a pole of attraction for investment and innovation. In this regard, he stressed that “the regional government’s economic policy and its low taxation allow for the creation of a favourable framework for entrepreneurship and the development of new ideas, which generates an increasingly professionalised and specialised labour market”.

The skills that are growing the most, according to this study, correspond to those most in demand, such as those related to digital transformation or project management. This makes Madrid more competitive compared to other capitals in the old continent, such as Amsterdam or Lisbon.

Fernández-Lasquetty insisted on the importance for the regional government of having more and more talent, “as it is an essential element in the development of a more vibrant and modern economy”, and highlighted the commitment to Madrid of companies, start-ups and professionals who want to start up or improve their situation.

New training plans designed for companies

Fernández-Lasquetty also referred to two innovative programmes designed by the Madrid Government so that companies can train their workers or people looking for a job in the most in-demand skills.

Thus, a line of aid has been created (known as Upskilling and Reskilling), endowed with 19.4 million euros and focused on retraining and improving skills, which will benefit more than 60 companies that have submitted a training project linked to sectors such as new technologies, automated machine tools and robotics, aeronautical equipment or modern rail transport, among other strategic sectors.

In addition, work is being carried out on a Digital Talent Plan, in collaboration with technology manufacturers, to provide the specialised training required by companies in the sector.

Madrid, centre of attraction for Datacenters

Data centres have become a highly sought-after real estate asset for investors. The technological boom accelerated by the pandemic and the arrival of the submarine cable to the peninsula in 2021 are turning the data storage sector into one of the sectors with the greatest potential for development on the Iberian Peninsula.

In the next four years, direct investment in physical data centre infrastructures in Spain alone could reach 6,000 million euros and the data centre market as a whole will receive more than 10,000 million euros in investment, according to the Data Centers Snapshot report by the consultancy firm Colliers. Many of the world’s largest technology multinationals, such as Amazon, Microsoft, IBM, Google and Meta, have already opened, have begun construction or have made public plans to create this type of facility in Spain.

In this context, Madrid stands out as the benchmark market both on the Spanish mainland and in southern Europe. With 31 operational centres housing 100MW, our region accounts for 91% of the total installed energy capacity. Furthermore, according to the INE, 33% of all jobs related to digitalisation at national level are concentrated in the region.

datacenter

Madrid has identified the technology sector as key to investment and development in the region. For this reason, it has announced a new plan to attract datacentres with 14 identified projects and the tendering of several industrial plots through Madrid Region’s 4.0 land portal. The regional government has identified around 20 plots of land with more than 2,000 square metres on which to install this type of infrastructure. The value of this land, mostly located in the technology parks of Getafe and Fuenlabrada, is estimated at around 15 million euros. Its location also favours access to important connections and communication with the main roads, favouring synergies with the rest of the region’s productive fabric. The Community also offers plots in the town of Meco and another in Madrid Capital.

According to the Regional Government, Madrid could reach an installed capacity growth rate of 43% by 2026, which would place the region on a par with the major European technology hubs such as London, Amsterdam, Frankfurt and Paris.