The average cost per job created with Shannon Development assistance in the past three years was €11,955 in 2000, €12,837 in 2001 and €14,258 in 2002.
The cost per job is calculated by relating new jobs created and sustained during 1996-2002 to all grants paid – at constant 2002 prices – during the period 1995-2001. The derived cost is therefore a moving average and may fluctuate upwards or downwards.
The increase is due mainly to large payments to an individual company in the early years of the calculation, which spreads over seven years, while jobs created and sustained over the seven-year period has fallen in the latter years.