Impressive Return on Investment by Lero Software Research Centre
An economic impact report has found that every €1 invested in the Lero Software Research Centre between 2005-2018 has contributed an average €5.25 to the Irish economy.
The Economic Impact Assessment of Lero, which is co-funded by the Southern & Eastern Regional Programme 2014-20 and Science Foundation Ireland, was published earlier this year using input-output analysis. Lero wanted to explore whether its activities and efforts demonstrated value for money to the Irish economy.
The results of the assessment proved impressive, showing that between 2005-2018:
- Every €1 invested in Lero by public & private sectors contributed €5.25 to the Irish economy on average
- Lero has contributed €515.32 million to gross output nationally
- Lero’s economic activity has contributed to the creation of 2,678 jobs nationally
- For every person working at Lero, 1.5 jobs are generated nationally
Lero has been awarded €2.95 million ERDF through the 2014-20 Regional Programme of which the Southern Regional Assembly is the Managing Authority.