Investment plan

Factbox: Macron’s € 30 billion “France 2030” investment plan


French President Emmanuel Macron gestures as he speaks during the presentation of the “France 2030” investment plan at the Presidential Elysee in Paris, France, October 12, 2021. Ludovic Marin / Pool via Reuters

PARIS, Oct.12 (Reuters) – French President Emmanuel Macron on Tuesday unveiled a € 30 billion ($ 35 billion) investment roadmap dubbed “France 2030”, aimed at promoting industrial champions and innovation. Read more

Here are some of the key measures he announced:

NUCLEAR AND HYDROGEN

Macron said France would invest € 8 billion in decarbonizing its industry, with a focus on small modular nuclear reactors and nuclear waste management.

France’s nuclear capacities are a major asset for producing “green hydrogen” produced by electrolysis, he added, aiming for two “mega-factories” to produce green hydrogen by 2030.

TRANSPORT AND MOBILITY

Macron said France would invest € 4 billion in the transport sector, with the goal of producing 2 million electric and hybrid vehicles and its first low-carbon aircraft by 2030.

FOOD AND HEALTH

Macron has pledged 3 billion euros for health and 1.5 billion for agriculture and food, including a push for biomedicine made in France.

TECH AND START-UP

Macron has pledged € 6 billion in its tech sector, with plans to expand its capabilities in robotic components, semiconductors, artificial intelligence and cloud technology.

Beyond public funds, France would invest an additional 3 billion euros in equity investments via the public investment bank Bpifrance in “innovative” companies, France seeking to promote small agile start-ups.

Reporting by Sarah Morland in Paris Editing by Raissa Kasolowsky

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