A € 30 billion investment plan for five years, aimed at increasing its competitiveness industry and the development of technologies of the future in France announced the French President, Emanuel Macron.
“The 2030 strategy must lead us to invest € 30 billion to respond to what can be seen as ‘a kind of growth deficit in France,'” Macron told some 200 business leaders and students at the Elysee Palace.
France must “become a great nation of innovation again”, insisted the head of state, who expressed the desire of the country to “rediscover a virtuous circle: to innovate, to produce, to export and in this way to finance (its) social model” and to “make it sustainable”.
Macron spoke in detail about the main points of the “France 2030” plan, which favors nuclear energy with an investment of one billion euros.
“Target for small-scale nuclear reactors for waste management by 2030”
“The number one goal is to have in France by 2030 small-scale innovative nuclear reactors with better waste management,” he said.
The second goal is to make France a “leader in green hydrogen” by building “two giant factories”.
“We have to invest heavily to help decarbonize the industry,” he said. He spoke in support of the US Alliance, but said that maintaining some independence was not the answer.
Macron said the plan would give small, flexible start-ups a key role in building France’s industrial future alongside established business giants.
Citing the initial lack of face masks when the COVID-19 pandemic broke out, Macron said the crisis showed, on the one hand, how vulnerable we all are and, on the other, how crucial domestic innovation and industrial production are. .
“The winner gets it all”
“We need to rebuild the framework for productive independence for France and Europe,” he said, adding that innovation would be key in the face of global competition for leadership and access to raw materials. “The winner gets it all,” he said.
Other goals for 2030 include investing in semiconductors and boosting innovation in the French healthcare sector, including biomedicine.
The € 30 billion is in addition to a € 100 billion economic recovery plan announced last year to help France tackle the coronavirus pandemic, much of which is aimed at promoting greener energy policies.
The presentation of this investment plan in the industries of the future takes place six months before the presidential elections in France. The outgoing president is not yet officially a candidate, but, unexpectedly, he is expected to run for a second term.
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