France allocates EUR 425 mln for industrial projects

Funding in the amount of EUR 425 million, managed by Bpifrance, has been announced for industrial projects, including those in renewable sector, it is stated in SER’s press release.

Emmanuel Macron, the economy minister, announced the creation of a new investment fund that would accelerate the transition of projects from experimental to industrial phase.

The funds are provided by the Future Investment Program (AIP).

The projects targeted, among others, are those which offer services that would aid in the development of industry, devices that would be used by several manufacturers, and those that would allow French export sector to grow.

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