On Tuesday, French President Emmanuel Macron unveiled a five-year, $35 billion (30 billion euro) investment plan aimed at providing much needed support to champions of domestic industry and to support innovation.
“We must wage the battle of innovation and industrialisation at the same time,” said Macron to a group of entrepreneurs while adding: “We need a country that produces more.”
Unveiling his France 2030 vision, Macron said his long-term roadmap for the French economy is to provide a key role to “small, agile start-ups in building France’s industrial future alongside well-established giants”.
“We must rebuild the framework for productive independence for France and Europe,” said Macron.
The 30 billion euros plan comes on top of a 100-billion-euro recovery plan which he announced in 2020 to help France weather the coronavirus-induced COVID-19 pandemic; a large portion of this is aimed at nurturing greener energy policies.