A man works on glass in Bazainville, near Paris
31 May 2019

France's industrial policy is bearing fruit

French industrial production increased in 2017 and 2018.
Content published under Philippe's Government from 2017 14th Mai to 2020 03rd Juillet
France's industrial reconquest is being achieved by courageous policy choices that the country is in the process of implementing:
  • Reduction of tax on capital.
  • Relaunch of the industrial jobs' image with a view to making new generations understand that industry means innovation, knowhow, real career prospects and good pay.
  • Investment in innovation, in particular via the research tax credit, two years' extra amortisation for robotisation of industrial SMEs, and the Fund for Innovation and Industry.
  • A major European component: creation of a Franco-German electric battery sector, which will enable creation of some 2,000 industrial jobs in France over the next three years.

Two years running of increased production

As regards employment, the industrial reconquest of France has already begun:
  • For the first time in 10 years, France is creating more industrial jobs than it is losing, and opening more industrial sites than it is closing.
  • In 2018, 60 new factories opened, while only 40 closed.
  • Over the last 2 years, 3 out of every 4 threatened industrial jobs have been saved, as have 90% of threatened industrial sites.
  • 15,500 jobs in industry have been created since 2017.
As regards investments:
  • France's industrial concerns intend to increase their investments by 11% in 2019 (source: INSEE)
  • The State is investing €500 million in Industry of the Future, 10,000 SMEs are being lent assistance and €15 billion has been invested in the Investment in Skills Plan (PIC – Plan d’investissement dans les compétences).
  • In 2018, France accommodated 320 foreign industrial direct investment projects, the highest number in five years.

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