SAWT BEIRUT INTERNATIONAL

| 21 October 2021, Thursday |

Macron unveils 30 bln euro “France 2030” investment plan

On Tuesday, French President Emmanuel Macron launched a five-year investment plan worth 30 billion euros ($35 billion) targeted at fostering industrial champions and innovation.

“We need a country that produces more,” he told a group of entrepreneurs, adding, “We need to wage the struggle of innovation and industrialization at the same time.”

Macron announced his long-term vision, called “France 2030,” would give small, agile start-ups a crucial role in developing France’s economic future alongside well-established giants, six months before the presidential election.

Pointing to a shortage of face masks when the COVID-19 pandemic first erupted, Macron said the crisis had shown, on one side, a real vulnerability for all, and, on the other side, how crucial innovation and industrial production close to home are.

“We must rebuild the framework for productive independence for France and Europe,” he said.

The 30 billion euros come in addition to a 100-billion-euro recovery plan announced last year to help France weather the coronavirus pandemic, a large share of which went to promoting greener energy policies.