Laurent Wauquiez, France’s higher education minister, and Valérie Pécresse, the budget minister, travelled to Trévoux in the Rhone region to inaugurate a €20 million research facility for healthcare device firm Covidien.
In a statement, the ministers said that the Irish-American business had located the centre in France because of the government’s generous R&D tax credit scheme. According to official statistics, businesses recoup €30 for every €100 spent on R&D in France, which the government says makes it 27 per cent cheaper to hire a researcher in France than in Germany and 10 per cent cheaper than the UK.
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