FRANCE’S RECOVERY AND RESILIENCE PLAN

The European Commission has given a positive assessment to France’s recovery and resilience plan, which will be financed by €39.4 billion in grants. The financing provided by the Recovery and Resilience Facility – at the heart of NextGenerationEU – will support the implementation by 2026 of crucial investment and reform measures put forward by France to emerge stronger from the COVID-19 pandemic.

46 % of the plan’s total allocation for reforms and investments supports climate objectives

• Renovation of buildings: financing a large-scale renovation programme to increase the energy efficiency of buildings € 5.8 billion.
• Modernisation of the rail network: improving the rail network increasing the use of railway as an alternative to road transport € 4.4 billion.
• Decarbonised hydrogen: development of value chains for decarbonized hydrogen € 1.9 billion.
• Climate and Resilience Law: national legislation to contribute to the green gas emissions reduction target for 2030.

21% of the plan’s total allocation for reforms and investments supports the digital objectives.

• Digitalization of companies: supporting business in the digital transition by helping them make the best use of digital technologies € 385 million.
• Digitalization of schools: providing digital equipment to elementary and secondary schools € 131 million.
• Digitalization of public administration: improving the efficiency of the public administration and the quality of the working environment of public officials € 500 million.

Measures to reinforce France’s Economic and Social Resilience

• High-speed broadband: accelerating the deployment if NextGeneration Access networks, in particular in optic fibres, especially in rural areas: € 240 million.
• Modernisation of the health system: renovating hospitals and healthcare facilities, building outpatient facilities, and modernizing medical infrastructure and equipment € 2.5 billion.
• Training programmes: reskilling and upskilling the labour force, investing in lifelong training, including through distance learning tool € 2.5 billion.
• Jobs and training for young people: training opportunities in higher education and targeted hiring subsidies for youth € 4.6 billion.
• Public finances: improving the quality of public finances and strengthen overall expenditure control cost efficiency and adequate budgeting.