- In order to save SMEs and prevent them from being bought up by foreign funds, the metropolitan area of Lyon proposes to nationalize them.
- David Kimelfeld, president candidate for his own succession, plans to create a fund of 200 million euros.
The president of Greater Lyon and candidate for his succession, David Kimelfeld, proposed Thursday to raise the metropolis to the capital of local businesses in difficulty after the coronavirus pandemic, by creating a fund of 200 million euros.
"The objective is simple: to protect a certain number of our nuggets (...) from payment defaults, payment defaults," he said at a press conference.
The measure also aims to "avoid the takeover of a certain number of companies by unwanted funds", as this would constitute "a loss of the autonomy of our companies in our territories", said the candidate for metropolitan elections, the second round of which will take place on June 28.
Priority SMEs
The metropolis, which wants to be "a shareholder in the long term", would withdraw capital "when companies want it," said David Kimelfeld. According to his campaign project, small and medium-sized enterprises will be priority beneficiaries, as well as certain sectors such as biotech, medtech or even the green sector.
The study of the files will be “circular”, with elected officials from the metropolis but also from trade unions and employers' organizations, among others.
For Loïc Renart, hotelier in Lyon invited to speak at the conference, the measure seems "quite exceptional" because it will allow entrepreneurs to "let act" so that they can "bounce back". "We need a territory that gives us confidence", underlined this tourism professional who made "zero turnover for three months".
A fund to buy goodwill
In addition to this new flagship measure, David Kimelfeld announced the creation of a fund of 50 million euros for a temporary repurchase of goodwill and walls. "It is simply to give oxygen to traders, artisans, who can buy back what we bought, at the same price," he said.
Another fund, of 100 million euros, will be allocated to support companies that locate or relocate on the territory of the metropolis, up to 20% of relocation investments. Once again, certain sectors are particularly targeted, such as energy or biodiversity.
There are also plans to set up a platform to put together VSE and SME business leaders wishing to sell and potential buyers. Finally, David Kimelfeld promised to increase public procurement.
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