The international development of the French economy
Business France published on 3rd April its Annual report on the international development of the French economy, which presents, among other things, the 2017 overview of foreign investments in France.
The image of France abroad is changing! More than half of foreign decision makers (54%) believe that France has become a more compelling proposition in recent years, while 84% (up 10% pts/2016) now consider France to be an attractive business location.
In 2017, an average of 25 new foreign investment decisions were recorded each week, with France receiving 1,298 job-creating foreign investments, up 16% from 1,117 in 2016. Together, these investments created or maintained 33,489 jobs.
When asked about the criteria of France attractive to investment, chief executives of multinational businesses established in France pointed, among other things, to France’s industrial base (84%). In the light of such recognition, France continues to attract investment to ‘strategic’ activities, and has now been Europe’s leading destination for foreign investment in industry for more than 15 years. In 2017, investments in production/manufacturing operations were up 23% year-on-year, accounting for 26% of all foreign investments in France and 48% of jobs thereby generated.
Innovation is another of France’s main draws as a business destination. More than eight out of 10 (85%) foreign business leaders say that pro-innovation government policy has made France a more attractive location for their companies, and the 125 investment decisions involving R&D, engineering and design in 2017 bear out this trend. The spectacular rise in funding startups through venture and growth capital is also making France one of the world’s leading startup nations.
Infographic: 2017 Summary - Foreign Investments in France:
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Download the 2017 Report on the international development of the French economy
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