Companies that receive EU research grants record on average a 20% increase in employment and 30% in total assets and revenues, according to latest European Commission study.
The positive impact persists even after the 2.5 years that it takes, on average, to complete a Horizon project. But not all sectors reap the benefits. The biggest winners are companies that fall within ICT and professional, scientific and technical activity categories. In many other sectors, including agriculture, manufacturing and transport, the effects are negligible.
The study analysed the performance of 40,000 companies that had received Horizon 2020 grants.
The Horizon effect – Publications Office of the EU (europa.eu)