EARTO Launch of the Economic Footprint Study: Impact of 9 European RTOs in 2014
– Brussels, 14 January 2016 –
The study, commissioned to IDEA Consult, highlights the economic footprint of RTOs based on data collected from 9 RTOs, representing 1/3 of EARTO members in terms of employees and turnover: CEA, DTI, Fraunhofer, imec, SINTEF, SP Technical Research Institute of Sweden, Tecnalia, TNO, and VTT Technical Research Centre of Finland.
The main findings of the study are that, in 2014, the aggregated effects of the core-activities as well as activities generated through the bilateral contracts and the spin-offs of these 9 RTOs, resulted in:
- 225.900 jobs created in the European economy,
- €29,3 billion of turnover generated in the European economy,
- €14,0 billion of value added to the European economy,
- €5,2 billion fiscal and parafiscal returns towards governments.
The study also showed that for each job created in those RTOs, 3 jobs were created elsewhere in the European economy in 2014 and for each €1 invested in these RTOs in the form of basic grants, €3,8 returns flew back to governments.
