IPP Report n°17 – September 2017
Auteurs : Sophie Cottet, Fanny Henriet, Katrin Millock, Marion Monnet, Lucile Romanello
Contact : email@example.com
Launched in 2010, the Programme d’investissements d’avenir (PIA) aims to stimulate research, development and innovation activities in targeted and growth-enhancing sectors including higher education and research, the digital economy, health and sustainable development. Nearly €50 billion has been committed to fund the first two PIA plans, which were renewed for the third time in June 2016 with an additional €10 billion. PIA has thus become a major instrument of innovation support policy in France, alongside the research tax credit (crédit impôt recherche). As with any public aid policy for businesses, the question arises as to the impact of this aid on business behavior and performance. To judge the relevance and effectiveness of such a policy, it is crucial to determine: (i) whether this aid supplements companies’ R&D spending while encouraging them to invest more, or whether it replaces this spending; and (ii) to what extent this aid improves the performance of recipient companies and affects the performance of non-beneficiary companies. Focusing on the PIA plan managed by the French environment and energy management agency (ADEME), which specializes in environmental issues such as the energy transition and “green” growth, the objective of this study is to evaluate ex post the effects on recipient companies of the aid granted by ADEME.