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Nuclear: the State and EDF launch an investment fund

2021-10-21T10:22:42.962Z

Firstly endowed with 100 million euros, the “France Nuclear Fund” will support SMEs and mid-caps in the sector.



The State and EDF have decided to join forces to support the atomic sector.

In separate press releases, the government and the electricity giant announced on Thursday the launch of the “

Fonds France Nucléaire

investment

fund

which “

aims to make investments intended to support the growth of SMEs and mid-cap companies. the nuclear sector

”, specifies EDF.

Read also Emmanuel Macron chooses to display himself as a defender of nuclear power

The creation of this fund was planned as part of the France Relance plan intended to revitalize the French economy after the crisis linked to the Covid-19 pandemic.

This plan provided for a global envelope of 470 million euros for the French nuclear industry.

According to press releases, EDF and the State will participate equally, "

for an amount of 50 million euros each and with a target of a total investment of 200 million euros by 2023

", details EDF.

An independent management company (Sigefi Private Equity) has been chosen and it will give priority to “

investments in French companies with significant know-how for the national nuclear industry

”.

Read also "We Europeans need nuclear power!"

The government has also announced 61 new winning projects of the nuclear component of the France Relance plan, including 43 relating to the modernization of industrial facilities and innovation and 18 in the area of ​​skills and vocational training. "

In total, 95 projects in the nuclear sector are now supported by France Relance to the tune of 110.5 million euros, for a total investment for the industry of nearly 366 million euros

" , underlines the government.

Nuclear power also benefits from an envelope in the “

France 2030

” plan recently announced by President Emmanuel Macron.

It provides for an investment of one billion euros in nuclear energy by 2030 to develop “

disruptive technologies

”, in particular small reactors (called SMRs).

Source: lefigaro

All business articles on 2021-10-21

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