Public & Academic/Government/News/ France pledges €4bn liquidity support to startups France is piling on measures to help startups through coronavirus. The latest announcement is a massive cash injection. By Marie Mawad in Paris 25 March 2020 Cedric O, France's Minister of State for Digital Affairs Cedric O, France's Minister of State for Digital Affairs \Public & Academic Is Rishi Sunak the UK’s most startup-friendly PM ever? By Eleanor Warnock and Amy Lewin 25 October 2022 Public & Academic/Government/News/ France pledges €4bn liquidity support to startups France is piling on measures to help startups through coronavirus. The latest announcement is a massive cash injection. By Marie Mawad in Paris 25 March 2020 France is rolling out a €4bn liquidity support plan dedicated to its startups, stepping in to address the cash concerns brought about by the coronavirus crisis. “Because of the specificity of their development model, dedicated emergency measures had to be taken,” said Cédric O, France’s minister of state for digital affairs, in a statement on Wednesday. “Startups will benefit from nearly €4bn to improve their cash position.” The French government has already unveiled a series of measures, from tax breaks to unemployment aid, aimed at helping businesses cope with the impact of the coronavirus pandemic, and the imposed confinement meant to contain it. The latest announcement addresses financing issues more specifically, as investors take a colder approach to fundraising. It includes financing bridges between two fundraising rounds, treasury loans, and more on tax breaks and grant payments. More on coronavirus from Sifted: A guide to government-backed resources Which startups are winning and losing? Fundraising during coronavirus: Are startups screwed? Fintech in coronatimes: Why some sub-sectors are especially vulnerable in a downturn Related Articles Coronavirus will show VCs’ true colours By Matt Clifford Click here to read more Coronavirus: Turning windscreen wiper motors into emergency ventilators By Maija Palmer Click here to read more Coronavirus prompts surge in demand for childcare startups By Tim Smith Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?