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France to implement 4b euro liquidity support plan for startups

France to implement 4b euro liquidity support plan for startups

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[PARIS] France will implement a four billion euro (S$6.25 billion) liquidity support plan for startups, digital junior minister Cédric O said on Wednesday.

Investments in early-stage digital companies have boomed in France in recent years, helped by tax cuts and business-friendly measures by President Emmanuel Macron, who has vowed to turn the country into a startup nation.

"We're announcing a specific plan to support the liquidity of startups," Mr O told French radio station Radio Classique. "In total it will be a plan for 4 billion (euros)."

REUTERS