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3 March 2016

10 billion additional euros to invest for the future

10 billion euros will be allocated to the third component of the Investments for the Future Programme (PIA), which is currently being prepared.

Content published under the Government Valls III from 2016 11th February to 2016 06th December
The Prime Minister has confirmed to the Council of Ministers that a third component of the Investments for the Future Programme (PIA), to be allocated 10 billion euros, is being prepared. It will reflect the same philosophy of original public intervention focusing on strategic issues with regard to France's potential for growth and job creation.
Since 2010, the PIA has ring-fenced 47 billion euros in budgetary appropriations aimed at boosting the French economy's potential for growth. Funding has focused on four key areas:
  1. Higher education, training and research: 24 billion euros for cutting-edge equipment, programmes of excellence, innovative initiatives designed to promote multidisciplinarity and partnerships between the worlds of research, education and business.
  2. Industrial sectors and SMEs: 14 billion euros to support the modernisation of industrial sectors and encourage the transition towards the industry of the future. An example of this would be the 'TGV of the Future', with Alstom Transport.
  3. The energy and ecological transition: 5 billion euros to promote research, innovate at every stage of the chain and produce initial run samples of new products and services relating to the ecological transition. The Criba project - relating to the creation of quick-fit exterior insulation panels with the aim of accelerating the renewal of old collective housing stock and improving its energy performance - is an example of this.
  4. The digital economy: 4 billion euros to promote new players, encourage technological innovation, modernise public action (notably with regard to digital applications for educational purposes) and support the deployment of super-fast infrastructures at a territorial level. For example, a digital innovation competition designed to accelerate the development of French Tech start-ups. 
37 billion euros had been committed by late December 2015. By mid-2017, almost all of the 47 billion allocated to the PIA will have been committed. 2,500 projects had been selected by late 2015. 6 billion euros have been committed directly for SMEs and intermediate-sized enterprises (ISEs), which account for 65% of the total 7,400 beneficiaries of the PIA.

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