In spirit it is and the program was intended to be a tenure track, yet in practice it is not. Upon expiration of the financial support that the Ramón y Cajal funding scheme offers, the only way you can get contracted by the host institution is through a public call open to everyone. In practice, the called-for profile should correspond to the Ramón y Cajal researcher who is about to obtain tenure, but it is the experience of the ANIRC that most RyCs lately experience major problems to obtain permanent positions upon expiration of their five-years contract.