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Impressive Return on Investment by Lero Software Research Centre

Posted into: EU Programmes

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.

Click here for more on the Lero Software Research Centre and here to read the Economic Impact Assessment document.

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