Benefits of the RRF in France from an environmental perspective
The goal of the Recovery and Resilience Facility (RRF) is to assist European economies after the global pandemic, helping to reduce its effects both socially and economically, while ensuring an equitable recovery for all EU member states. The European Commission has agreed to give France €39.4 billion worth of grants to enhance their ability to efficiently adapt to a post-Covid world. Since the ecological transition is one of France’s key focuses moving forward, their recovery plan is heavily oriented towards environmentalist objectives, with 46% of the RRF funding being dedicated to this green transition. The predominant concerns of this plan include industry decarbonisation, the preservation of biodiversity and the promotion of renewal energy sources. France is transforming itself into an environmental haven, in which companies should strive for more sustainable business practices in order to remain competitive. Furthermore, the consequent increases in R&D expenditure in green technologies pave the way for new commercial opportunities for foreign sub-contractors, providing them with an incentive to explore French tax credit programmes, such as CIR accreditation. Here at Maupard, we can help you to establish yourself in France, where you can reap the benefits of the nation’s move towards a post-COVID greener economy. Please get in touch with us if any of this is of interest to you.
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