100 Million Additional Euros for French Industry

The recovery plan is taking shape. The Minister of the Economy Bruno Le Maire and his Minister for Industry, Agnes Pannier-Runacher, are launching a call for projects to support the resilience of industry with 100 million euros in 2020.

The health crisis has exposed France’s dependence on imports and the lack of resilience of French industry, if necessary. In particular, globalized logistics chains in the grip of supply disruptions. To promote the autonomy and resilience of strategic sectors, the Ministry of the Economy, Finance and Recovery is launching a new call for projects with 100 million euros dedicated to development and investment projects.

The specifications are online to help companies prepare their applications, which can be submitted to a Bpifrance platform from August 31 until November 17. It will support the best production implantation projects on French territory in industrial sectors deemed critical. The projects will be studied “on the fly” and the call may be stopped early if the allocated envelope is exhausted. The ministry hopes to revive the economy as soon as possible. Under the Covid-19 temporary aid, the maximum subsidy rate is 80%, or an amount of aid of 800,000 euros for a base of eligible expenditure of up to one million euros. Depending on the nature of the work and the type of company, the aid rate varies from 10% to 60% for projects over one million euros.

Strategic sectors for a more resilient industry
To strengthen critical value chains, the ministry therefore wants to establish or relocate essential links in France. “The objective is thus to reduce our degree of dependence on non-European suppliers, while developing the sectors of the future guaranteeing the creation of value in France and in Europe,” warns the ministry. The most critical sectors targeted by the call for projects are health, agri-food, electronics and sectors providing essential inputs to the industry, in particular strategic raw materials for the metallurgy sector and products from the industry. ‘chemical industry. The call for tenders will soon be supplemented by a section dedicated to industrial applications of 5G, another sector deemed strategic.

This will involve relocating the manufacturing of priority health products, for example certain drugs, active ingredients and medical devices. Agri-food projects will help strengthen food security, autonomy and resilience in the processing of agrifood products and essential inputs. On the electronic side, priority is given to projects to relocate production, pilot lines or rapid prototyping resources to France. And for essential industry inputs, it will be about securing the production of basic products which, in the event of a supply disruption, could paralyze the national or European industrial fabric.

Eligible projects will have a total cost of more than 1 million euros, not committed before the submission of the aid application, carried by a company or a consortium. These will be the creation of new production units or the modernization of existing units in order to increase their capacities or make them more flexible.

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100 Million Additional Euros for French Industry - /10

Summary

The recovery plan is taking shape. The Minister of the Economy Bruno Le Maire and his Minister for Industry, Agnes Pannier-Runacher, are launching a call for projects to support the resilience of industry with 100 million euros in 2020.

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