This is good news on the employment front. The number of foreign investment projects in France increased by 7% in 2022, reaching 1,725 ??investment decisions. This is a new record, after that of last year.
Business France, the government agency responsible for promoting the France site abroad, adds that these projects have enabled the creation or maintenance of 58,810 jobs, a figure up 31% over one year if we take into account temporary permanent contracts, mainly created by the companies Manpower and Randstad. “Excluding temporary permanent contracts, induced jobs increased by 7% in 2022”, specifies Business France in its press release.
The United States regained the lead in the rankings from Germany last year, with 280 projects compared to 256 from across the Rhine. And American investors are by far in the lead in terms of the number of jobs maintained or created, with 29% of the total, compared to only 12% for German projects.
With the highest number of foreign investment decisions in France, 2022 is a record year. France attracts more than ever and creates jobs. The policy implemented for 6 years is bearing fruit! pic.twitter.com/FCOb2HWovx
In a tweet, the President of the Republic, Emmanuel Macron, welcomed this “record year”, welcoming that “France attracts more than ever and creates jobs”. “The policy conducted over the past six years is bearing fruit! he says.
In detail, the creation of establishments account for half of the investment projects, but only for 29% of the jobs created, while the extensions of existing sites represent 46% of the projects but two thirds of the jobs, the rest being formed by takeovers of companies by foreign investors.
A large quarter (26%) of investments are made in production activities, which also account for 30% of jobs, while French or European head offices account for 23% of projects, but only 11% of jobs, further details Business France.
More than four out of five industrial projects (81%) are extensions of existing sites. The agency sees it as “proof of confidence in our economy” and of the “efficiency of the French industrial tool” as well as “satisfaction in the French workforce” on the part of foreign investors.
While Business France focuses on industry, the service sector alone remains the source of nearly half (49%) of projects and 56% of jobs. Finally, the number of research and development projects (R
