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[Édito] Funds… under conditions – Debates

Ten months after the announcement of a Britanny Ferries assistance plan by Prime Minister Jean Castex and four months after the announcements made by Minister of the Sea Annick Girardin to the Senate, the vagueness persists on balance sheet operations (recapitalization, debt forgiveness, etc.) intended to cushion the double shock of the health crisis and Brexit. In Paris, the “plan” officially remains that of Ciri (Interministerial Committee for Industrial Restructuring). In Brussels, Commissioner Vestager’s office recently indicated that it was “in contact with the French authorities”, without, however, being able “to prejudge the timing and the outcome of these contacts”. To date, only social security tax exemptions have received the green light from the competition authority.

There is, however, a new element since June: the agreement of 27 on the ” Brexit adjustment reserve », An ad hoc fund, which will be distributed among States to help them finance companies or public entities that have had to suffer losses linked to Brexit, between January 1, 2020 and December 31, 2023. France will practically receive them. 14%, or 672 million euros. According to several sources, the French authorities are counting on these means to help Brittany Ferries.

On Tuesday, the president of the Brittany region, Loïg Chesnais-Girard, indicated “that he expected that in December, Breton companies would begin to receive aid from the fund created by the EU to help the affected regions by Brexit ”, not to mention the maritime group, of which the region is a shareholder. The services of Mrs. Vestager should, for their part, give information at the start of the school year on the conditions to be met for the allocation of funds from the reserve to competitive companies.

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