“nearly 12 billion” in aid for businesses and communities

Europe 1 with AFP
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7:11 p.m., October 27, 2022

While the price of energy soaring in France for companies, Elisabeth Borne announces three new devices for companies and communities. In total, the effort made by the State represents “nearly 12 billion” euros, underlines the Prime Minister.

Elisabeth Borne announced Thursday three new devices to contain the price of energy for businesses and communities, for a total effort increased to “12 billion euros”, during a press conference in Matignon. The first, called “electricity shock absorber”, will aim to cover part of the electricity bill for “VSEs that do not benefit from the tariff shield, SMEs, associations, local authorities and public establishments”.

Act fast

The government will also “simplify and amplify the targeted aid, already in force for companies”. With regard to communities, he presents an amendment to the finance bill providing for “the extension and amplification of the safety net for the year 2023”.

The government seeks above all to obtain a structural reduction in energy prices on a European scale, but the Prime Minister specified that it was “essential to give visibility to all the players”. “Our businesses and our communities should not wait,” she added.

Aid that will not widen the deficit

For several weeks, employers’ organizations have been calling for new aid in the face of skyrocketing energy bills and criteria that are too complex to obtain the aid that already exists. This new aid will not widen the deficit, according to Elisabeth Borne. Of the 12 billion euros announced, 7 billion will come in particular from “annuities” taken from energy companies as part of an exceptional tax.

Three billion provided moreover from an envelope already provisioned for aid that does not exist and which has been widely used. Finally, the remaining 1.5 billion euros have been budgeted for the safety net intended for local authorities.


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