France has announced a €1.8 billion (£1.53bn) support plan for the nation’s cloud computing sector to keep the country competitive on a global scale.

The plan is divided into a €667 million care package for public financing, a €444 million boost to European Union financing, and a €680 million stimulus for private co-financing.

Thus far, 23 research and development projects have already been selected, making up €421 million of the public financing...