France reasserts its attractiveness to foreign investors in 2012
The IFA- April 4, 2013. The “2012 Report: Job-Creating Foreign Investment in France” was posted on the Invest in France Agency website today. It provides an analysis of the source, type and distribution of foreign job-creating investments in France recorded by the IFA and its regional partners.
The vibrancy of job-creating investment in France remained steady in 2012. With 693 investments announced last year – half of which were made with help from the IFA and its regional partners – the headline results published in early March confirm that France has upheld its investment attractiveness in the midst of a global economic slowdown.
More specifically, the 2012 Report reveals that confidence in France’s economy among investors from North America prompted 26% of the investment decisions in 2012, while there was a growing share of projects from emerging economies (8%).
It underscores the fact that France, as Europe’s leading destination for international investments in industry, was chosen by 194 foreign companies in 2012 for production/manufacturing investments, which made the largest contribution to job creation (42% of the 26,000 jobs created or maintained by foreign investment confirmed in 2012).
The willingness of foreign investors to choose France and expand in the country over the longer term can be seen by the 344 projects that created new sites in 2012 and 303 company expansions. Foreign investors also acquired 46 companies that will maintain or add jobs at these establishments.
The 2012 Report once again showed that there were a considerable number of investments in research and development (45 in 2012 and 246 over the last 10 years), reflecting France’s high-quality R&D ecosystem.
More than 800 foreign-owned entities are members of France’s innovation clusters and over 2,000 foreign companies doing business in France have received France’s research tax credit, which has become even more attractive for foreign investors since the decision to expand the credit to include innovation costs for SMEs and maintain it until 2017.
The “Say Oui to France, Say Oui to innovation” campaign led by the IFA and the INPI (French Patent and Trademark Office) has been working to promote these programs in North America, China, India and Brazil, and has provided an opportunity to demonstrate the value of government reforms that are boosting France’s investment attractiveness.
“Last January, the French government launched a call to mobilize stakeholders nationwide involved in promoting France’s investment attractiveness to reach a goal of attracting 1,000 investment decisions by 2017. This effort could not be happening in a more competitive environment. In such a climate, it is crucial that foreign investors are given the best possible support. To this end, the partnership that the IFA has formed with France’s regional development agencies means that every year we can identify over 1,000 potential projects, send foreign companies 1,400 regional proposals and support more than 500 foreign investors as they visit France to explore opportunities. In examining these findings, the ‘2012 Report’ puts in sharp focus a number of factors behind the buoyancy of internationally mobile investment and how it contributes to the growth of regional economies and employment,” noted David Appia, Chairman and CEO of the Invest in France Agency.
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