Thinking about investing? Think France!
On March 16 was launched in Paris the 2014 Annual Report on Foreign investment in France.
In 2014, 1,014 investment decisions created or maintained 26,535 jobs, among which there were 68 projects involving site takeovers by foreign investors that safeguarded 6,411 jobs. On a like-for-like basis with 2013*, 740 investment decisions were recorded, up 8% from 2013.
There were also 84 merger/acquisition or shareholding acquisition transactions announced, amounting to a total of more than €13.5 billion.
France continues to attract investments in high value-added business activities, particularly production/manufacturing and research.
Foreign companies invested primarily in production/manufacturing activities (303 projects), which accounted for 30% of all investments made in France. These projects generated 11,601 jobs, or 44% of all jobs.
Foreign investment projects in R&D, engineering design activities accounted for 9% of all investments (91 projects, versus 77 last year). Twenty-seven percent of all business enterprise R&D expenditure in France is carried out by foreign-owned subsidiaries.
New investment decisions in headquarters were up too: 16 new Global/European Headquarters were recorded in 2014, versus five in 2013, and 12 in 2012.
Investments from European countries accounted for 61% of all investment decisions, followed by North America (22%), and Asia (12%). The leading investors in France were the United States (19%), Germany (14%), the United Kingdom (9%), Italy (9%), and Japan (6%). Project numbers were up from many countries, including the United Kingdom, Japan, the United States, Switzerland, Canada and Denmark.
The economic buoyancy of France’s regions and cities is often a decisive factor in attracting investment. In 2014, every region in France attracted new foreign investment, while 17 regions were chosen to host new R&D projects. Two-thirds of new foreign investments were located in six regions: Ile-de-France (Paris region), Midi-Pyrénées, Rhône-Alpes-Côte d’Azur, Nord-Pas de Calais and Alsace.
For more information, you can read the 2014 Annual Report online on www.sayouitofrance-innovation.com