Investments for the Future

Created in 2010 and allocated €35 billion, the Investments for the Future programme (PIA) aims to stimulate employ-ment, boost productivity and increase the competitiveness of French businesses by encouraging investment and inno-vation in priority sectors to drive growth. A second programme was launched in 2013 with €12 billion, followed by a third in 2017 with €10 billion.

The ANR, the national operator of the Investments for the Future programmes in the field of higher education and research

The French National Research Agency (ANR) is commissioned "to manage major government investment programs in the fields of higher education and research and to oversee their implementation" in accordance with the decree on the Agency's organisation and operation. The ANR was appointed in 2010 as the French government's operator for the actions of the Investments for the Future programme (PIA) and confirmed in the same role for the second programme in 2013 and the third in 2017. This involves organising the selection, negotiating agreements, providing funding and monitoring, auditing and reviewing the impact of the projects and the activities of the programme in the field of higher education and research.

An agreement between the State and the ANR sets out for each action the framework for its financing and the operational modalities for its implementation.

Download the summary document of the State-ANR conventions

To find out more about the PIAs, see the presentation by the General Investment Secretariat (SGPI) on the government website.

The Investments for the Future programmes at the ANR

Managing the PIAs involves several specific requirements:

  • Reviews carried out by mostly international juries,
     
  • Selection criteria based on the PIA priorities,
     
  • A final selection decided by the Prime Minister,
     
  • Large-scale training, research and infrastructure projects requiring significant credit allocations over more than 10 years.
InstrumentsFinancements

PIA budgets entrusted to the ANR

PIA 1: €22.5 billion out of the programme's total of €35 billion

PIA 2: €4.5 billion out of the programme's total of €12 billion

PIA 3: €2.85 billion out of the programme's total of €10 billion

Nearly 50 calls for proposals have been launched by ANR since 2010, and over 2,600 project proposals have been submitted.

By the end of 2017, the ANR's portfolios included 618 PIA projects, giving rise to 1,940 site visits and 29 financial and accounting audits. Eight projects were stopped, most following intermediate reviews, and 20 projects were closed.

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