Financial Times FT.com

France identifies six target areas for growth

By Peggy Hollinger in Paris

Published: July 13 2005 03:00 | Last updated: July 13 2005 03:00

The French government yesterday identified six industrial clusters it believes will help to reinvigorate its economy and pitch the country to the forefront of innovation in new technologies.

However, in an attempt to forestall regional political opposition to the selection of just six globally competitive clusters, Dominique de Villepin, the prime minister, also identified 61 further "poles of competitiveness" across the country. He also doubled the incentives available to these "poles" from €750m to €1.5bn ($1.8bn, £1bn).

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