March 25, 2020 / 6:45 AM / in 4 days

France to implement a 4 bln-euro liquidity support plan for startups-minister

PARIS, March 25 (Reuters) - France will implement a 4 billion-euro ($4.33 billion) liquidity support plan for start-ups, 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 start-up nation.

“We’re announcing a specific plan to support the liquidity of startups,” O told French radio station Radio Classique. “In total it will be a plan for 4 billion (euros).” ($1 = 0.9244 euros) (Reporting by Mathieu Rosemain, Editing by Dominique Vidalon)

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