100 billion euros is set to be injected into the economy until 2022 as part of the ‘France Recovery’ plan that the government presented on 03 September. From this more than 15 billion euros will be allocated to measures that directly support employment. The majority of these measures have already been announced and include the ‘one youth, one solution’ plan, the ‘long-term short time working scheme’, and training funding for employees and job seekers, all of which aim to provide France with the skills needed to achieve the other objectives of the ‘France Recovery’ plan, namely to accelerate ecological transition (a project that will receive €30 billion) and to promote ‘the competitiveness of the productive apparatus and sector relocations’ (this project will receive €35 billion and will notably include both cuts in production taxes and incentives for the relocation of certain strategic sectors). 40% of the financing for this plan will come from the European Union.
The plan aims to enable the economy to return to its pre-crisis level of wealth and activity by 2022, but also, as the Prime Minister expressed during the press conference, to respond to the structural problems that the crisis has brought to light.
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