Corporate Finance: Macron Goes Back On The Offensive

After the law for growth and activity, a new text carried by the Minister of the Economy is announced for January 2016. It must focus on the development of digital and aims to facilitate the financing of French start-ups .

This is what could reserve the new law of ECM Credit. This text on “New Economic Opportunities” or “Noah” aims to ensure that everyone can ” find their place ” in the digital transformation, summed up the Minister of the Economy during a presentation organized on 9 November in Bercy in front of a parterre of 600 actors of the new economy.

 

New opportunities to invest in companies

New opportunities to invest in companies

A first set of proposals must be made in mid-December, before the bill is presented in late January in the Council of Ministers. Some measures have been outlined. ECM Credit plans to set up ” a French-style pension fund ” to find new financial resources for start-ups. ” We need to reduce the capital of our savers to the financing of the real economy ,” insisted the minister.

To promote the emergence of young tricolor shoots, the tenant of Bercy wants to review the financing structures and ” modernize the regulatory tools “. He also intends to ” adapt the fiscal framework “, without giving more details for the moment.

 

The Perco as a gift

The Perco as a gift

Promulgated on August 6, 2015, the first Macron law “for growth, activity and equal opportunities” is already focusing on the financing of small and medium-sized enterprises (SMEs) and medium-sized enterprises (ETI). Among other things, it introduces several new features with regard to the Group Retirement Savings Plan (Perco).

Among them, a 16% social security package (instead of 20%) is granted to Perco invested in a fund consisting of at least 7% in shares of SMEs or mid-cap companies or in a fund invested at a minimum of 75% in SME securities, of which two-thirds are in equities. A way to get employees to participate in the financing of the real economy.

The Macron II law could continue in this direction . Meanwhile, employees and non-employees can still rely on crowdlending, the paid loan from individuals to businesses, to help entrepreneurs develop their project and thus meet the design so dear to Mr.M