GEC 25 Year Impact Report 2026 - Flipbook - Page 10
Beyond the Building:
Economy-wide impact
Direct and Indirect
Economic Contribution
Long-Term Economic
Value Creation
In 2025, companies based within the GEC generated
approximately €140 million in turnover, supporting a
broader level of economic activity estimated at €146
million when indirect and induced effects are included.
While annual metrics highlight year-on-year performance,
the GEC’s true impact is reflected over time. Since its
establishment, companies within the centre have
supported employment equivalent to 25,000 full-time
jobs across the Irish economy over 25 years, roughly
1,000 jobs annually across the Irish economy.
This reflects the Centre’s strong integration with local
supply chains and service providers, ensuring that
enterprise activity within the GEC translates into wider
economic value.
The employment impact is similarly amplified. For every
4 jobs created within GEC companies, an additional
3 jobs are supported elsewhere in the economy,
demonstrating a significant multiplier effect and
reinforcing the Centre’s role as a catalyst for job creation
beyond its physical footprint.
Direct → Indirect → Induced
€146m
This long-term perspective underscores the enduring
contribution of the Centre to national employment and
economic resilience.
Supporting Indigenous
Enterprise and Innovation
The GEC has supported the development of over
1,300 businesses, contributing to the growth of Ireland’s
indigenous enterprise base and strengthening the
country’s startup ecosystem.
These companies are typically knowledge-intensive,
operating across sectors such as technology, healthcare,
sustainability, and digital services, and demonstrate a
strong commitment to innovation, investing
approximately 9% of turnover in research and
development, significantly above national benchmarks.
Fiscal and Income
Contribution
GEC-supported companies contribute meaningfully to the
public finances and household incomes. In 2025, these
firms generated over €44 million in employee income
and contributed approximately €31 million in exchequer
revenues through payroll taxes and VAT.
The Centre operates without direct State
subvention, generating its own revenues
These contributions highlight the Centre’s role not only in
enterprise development but also in supporting broader
economic stability and public expenditure.
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4 → +3 jobs
