France, the most attractive country in Europe for FDI

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France, the most attractive country in Europe
According to EY’s Europe Attractiveness Survey (May 2020), France is Europe’s top destination for foreign direct investment (ahead of the UK and Germany) and research tax credit. France’s newfound attractiveness stems from the country’s ambitious transformation led since 2017. The country has reformed its labor market, reduced capital taxation, lowered corporate tax, helped SMEs to grow thanks to the PACTE Act, which were very well received by domestic and international investors alike, and invested hugely in innovation thanks to very generous state funding for R&D, with tax breaks such as the research tax credit, innovation tax credit and the innovative new companies status, but also innovation funding programs such as the Major Investment Plan.

Innovation is in French DNA
Healthcare has always been a central industrial activity in the French economy, and is at the heart of a world-renowned research, public health and healthcare ecosystem. France has established a world reputation for life expectancy and exceptionally high-quality healthcare system that offers universal coverage for all citizens, regardless of age or economic situation (universal access to healthcare based on solidarity). The number of R&D projects continued to grow significantly, thereby confirming the government’s strong support and constant commitment to foster innovation. Thus, France is a leading innovative nation and is ranked at the #1 place in hosting R&D activities in Europe. Companies benefit from an increasingly attractive French healthcare ecosystem. French research organizations are among the best in the world, clinical research is renowned for its strong expertise and France’s medical research stands out for its excellence. Innovation clusters, spread throughout the country, play a key role in attractiveness and innovation policies by encouraging partnerships between research organizations and business. Innovation in life sciences has always been key in France.

French Healthcare is an innovative public-private initiative aimed at bringing together the key players in the French healthcare ecosystem (companies, researchers, healthcare professionals, innovation clusters, etc.), to promote their operations, expertise and technologies internationally.

Business France is the national agency supporting the international development of the French economy. It is responsible for fostering export growth by French businesses, as well as promoting and facilitating international investment in France. It promotes France’s companies, business image and nationwide attractiveness as an investment location, and runs the V.I.E international internship program.
Speakers
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Business Development Director Healthcare
Business France
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Managing Director Life Sciences division
Business France
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Business Development Director East Coast, Life Sciences division
Business France