The initiative, presented before the Economy Commission of the Parliament of Canarias, focuses on establishing a Capitalization Reserve. This mechanism would allow companies to enhance their solvency and resilience without the need for specific physical investments, unlike the current REF incentives.

Barrera stressed the urgency of modernizing the REF to better suit the reality of the Canarian productive fabric, which is predominantly composed of micro-SMEs. He argued that the existing incentive model has limited effectiveness, as it only offers tax relief if an investment is made, and tends to channel business profits towards the accumulation of physical capital.

The proposal draws inspiration from the state-level Capitalization Reserve, in force since 2015, which has proven to offer legal certainty and positive results. For the Canary Islands, the aim is to increase its intensity, following the differential model applied to cinema and R&D+i, which have been successful in the archipelago. The plan includes a reduction in the tax base of up to 40%, extendable to 60% for job creation, training, or work-life balance measures.

Experts from the universities of Las Palmas de Gran Canaria and La Laguna have positively assessed the proposal, highlighting its potential to increase competitiveness, reduce financial risk, and promote greater territorial equity. They believe it would complement existing incentives such as the Reserve for Investments in Canarias (RIC), without creating distortions.

The initiative was well-received by several parliamentary groups, including the Agrupación Herreña Independiente, Socialistas de La Gomera, Vox, Partido Popular, and Coalición Canaria. Nationalist deputy José Manuel Bermúdez, mayor of Santa Cruz de Tenerife, underscored the relevance of this new social approach for the Canarian legal framework instruments.