France nonetheless engaging for worldwide buyers | EUROtoday

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President Emmanuel Macron, at the Choose France summit, in Versailles, May 15, 2023.

France benefited, in 2023, from 1,815 worldwide funding initiatives, which ought to allow “within three years” to keep up 1,391 jobs or create 57,863, in accordance with figures communicated on Thursday February 29 by the Elysée.

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Better figures than in 2022, regardless of a slight change within the calculation scope: two years in the past, France benefited from 1,725 ​​funding choices, representing 58,810 jobs. The change in scope considerations “sustainability” initiatives or technological partnerships, and considerations 112 further initiatives in 2023.

“Thanks to reforms and our attractiveness strategy, France is attracting ever more international investment, welcomed Emmanuel Macron on the social network X. This is good for employment and the life of the regions. »

Investors would particularly appreciate the reforms aimed at reducing labor costs, the reduction in corporate tax from 33% to 25%, the reduction of 10 billion euros in production taxes, the “green industry tax credit” carried out as a part of the inexperienced business regulation handed in 2023.

More flexibility

Finally, the 2017 labor orders, which give extra flexibility to employers, reply “one of the constant requests from companies, particularly foreign ones, when they wish to invest in France”, underlines the chief.

The France 2030 plan has additionally attracted buyers, since 559 initiatives are involved, with 4 sectors properly represented: vehicles and tools producers; well being ; mechanical tools; the agri-food business.

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The Americans stay on the high of the investor podium, with 305 initiatives, or 17% of the full, however are virtually twice as heavy when it comes to the proportion of jobs created (28.7%, or 17,000 jobs). Four European nations signify 60% of initiatives, led by Germany, then the United Kingdom, Belgium and Italy.

“The shock of simplification takes hold”

The American Chamber of Commerce in France, AmCham, printed a extra blended evaluation on Wednesday February 28, indicating that French attractiveness is deteriorating within the eyes of American buyers. “for the second year in a row”, though it stays thought-about probably the most engaging nation in Europe.

From “red flags” cited by AmCham are the price of labor, the social local weather, taxation and administrative and regulatory complexity. “The shock of simplification announced by President Macron in 2021 is essential today more than ever”underlined the president of AmCham, Natacha Rafalski.

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https://www.lemonde.fr/economie/article/2024/02/29/la-france-toujours-attractive-pour-les-investisseurs-internationaux_6219312_3234.html