With 10 billion euros, Emmanuel Macron’s fund wants to build “the industry of the future”

by bold-lichterman

  • This new fund will be funded by dividends or the sale of shares in companies owned in a minority way by the State.
  • Bpifrance could be at the helm of this fund.
  • In 2016, Bpifrance carried out nearly 1.7 billion euros in disposals in large groups and mid-size companies (ETI).

Emmanuel Macron has lifted the veil on his presidential program. In the flood of proposals announced by the candidate of En Marche, an announcement particularly attracts the attention of young French shoots. Emmanuel Macron thus promised the creation of a fund for industry and innovation. The latter will be endowed with 10 billion euros to finance “the industry of the future”.

Presumably, Bpifrance could be at the helm of this fund. “We will gradually concentrate the management of all innovation aid from the State and its operators within Bpifrance», Is it specified on the website of the presidential candidate.

Three priorities at the heart of this announcement

This new fund will be funded by dividends or the sale of shares in companies owned in a minority way by the State. The former Minister of the Economy was undoubtedly inspired by the results of Bpifrance. In 2016, the financing and development organization for French companies, owned in equal parts by the French State and the Caisse des Dépôts (CDC), in fact carried out nearly 1.7 billion euros in disposals in large groups and companies of intermediate sizes (ETI).

Through this fund for “the industry of the future”, Emmanuel Macron wishes to focus on three priorities: “investing in local initiatives aimed at supporting industrial transitions or at reindustrializing areas already affected by deindustrialisation“,”the multiplication of the dynamics of the industry of the future“, And”the development of innovative solutions contributing to meeting the key challenges of the energy, environmental, digital and demographic transformation of our society“.

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