The French government has established a €10-billion fund to boost innovation, making good on one of president Emmanuel Macron’s first promises after taking office.
Economy and finance minister Bruno Le Maire said in a speech on 15 January that he had approved the fund.
€1.6bn of the fund’s holdings come from the sale of government shares in the companies Engie and Renault, Le Maire said. The remaining €8.4bn is in the form of government-owned shares in the companies EDF and Thales, which he said have been “made available” to the fund but will remain government property.
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