France recorded a record level of foreign investment in 2021

Foreign investment projects in France experienced a record level in 2021, according to a report published on Monday by Business France.

A record both in the number of new, taken over or extended sites and in the number of jobs created or maintained.

Thus, "1,607 investment decisions enabled the creation or maintenance of 45,008 jobs, a record", according to the press release from this agency responsible for promoting the country's attractiveness to foreign investors.

These figures exceed those of 2019 which was already a record year, before the health crisis which caused them to fall in 2020.

"This increase in the number of international investment projects and induced jobs is the signal of the constant progress of our country in terms of attractiveness", according to Business France.

“We have increased both the number of projects and the number of jobs by 50% in five years,” noted the agency's general manager, Christophe Lecourtier.

🔴 #Thread |

2021 review of job-creating international investment.

👉 France has never been as attractive as in 2021. The 1,607 investment projects have created or maintained 45,008 jobs (+30% compared to 2020) in 🇫🇷!#BilanIDE pic.twitter. com/xhcy4MW6mU

— Business France (@businessfrance) March 14, 2022

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Germany, first foreign investor

He specified that the jobs maintained corresponded to takeovers of existing companies by foreign investors.

In 2021, Germany was the leading foreign investor in France in number of projects, with 297 projects, i.e. 18% of the total and also 18% of the jobs created, ahead of the United States with 247 projects, but these exceed it. in terms of jobs, with more than 10,000 jobs, or 22% of the total.

Despite Brexit, the United Kingdom is in third place with 151 projects, or 9% of total projects and also jobs.

In fourth place is Belgium and in fifth the Netherlands, so that Europeans as a whole rank as the first foreign investors in France.

The classification established by Business France does not take into account the amounts invested, because the projects are carried out over more or less long times, explained Christophe Lecourtier.

While new locations account for half of all projects (51%), extensions "represent 44% of projects and nearly half of jobs", according to Business France, which sees in it "a sign of the renewed confidence of foreign companies that have already invested in France”.

"We note a strong growth in industrial projects" among which German companies are strongly represented, while American investments are more often made in more labor-intensive sectors such as Amazon warehouses, further notes Christophe Lecourtier.

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• attractiveness

• Economy

• Foreign investments

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