Departmental Committee for Reviewing Business Financing Difficulties (CODEFI) — Interministerial Committee for Industrial Restructuring (CIRI)
The CIRI handles companies with more than 400 employees. Smaller companies can approach their departmental CODEFI. Their involvement can make dialogue with creditors and the review of solutions easier, but guarantees neither financing nor debt write-off.
The CODEFI (departmental committee for examining business financing problems) and the Interministerial Committee for Industrial Restructuring (CIRI) coordinate the review of complex financial situations to help companies develop solutions that secure their future. The level of intervention depends in particular on the company’s size and the nature of its difficulties.
Funded by Ministère de l’Economie, des Finances et de la Souveraineté Industrielle, Energétique et Numérique
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Who can apply
Companies facing financing or restructuring difficulties; the CIRI targets companies with more than 400 employees, while others generally fall under the CODEFI.
Eligibility conditions
It must be possible to examine the financial situation, the causes of the difficulties and the recovery prospects. Intervention depends on the diagnosis and the relevant players.
What the scheme covers
The CODEFI supports companies in difficulty at departmental level; the CIRI handles companies with more than 400 employees. These are support schemes, not an automatic grant.
How to apply
Contact the CODEFI in your department, or check with the Directorate General of the Treasury whether the situation falls under the CIRI. Prepare the accounts, cash-flow forecast, debt position and measures already taken.
Timeline
There is no grant window with a single deadline: support must be discussed with the relevant body.
Key facts
- Funder
- Ministère de l’Economie, des Finances et de la Souveraineté Industrielle, Energétique et Numérique
- Type of funding
- Loan
- Status
- Ongoing
- Geographic scope
- All of France
Official source
No official URL is available in our data for this grant.
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