CERN, the European Organization for Nuclear Research, is hosting an international collaboration that develops scenarios for
a new circular particle-collider based research infrastructure, the Future Circular Collider (FCC). Such a research infrastructure
can also contribute to scientific and technological progress in many other areas that will be needed to construct and operate
such a facility. Apart from science-changing insights and technological developments, there are direct economic benefits likely
to arise from this project: the opportunities for firms to contribute to the installation and operation of this machine and
the jobs that go along with these opportunities. The estimation of such effects is the purpose of this paper. The FCC is estimated
to cost 12.1 billion CHF to construct and another 8.5 billion CHF to operate over its initial 15-year period. Using the economic
model ADAGIO, we estimate that this will be associated with a cumulated 50 billion CHF of (world-wide) value added, in an
average year securing around 26,000 jobs. Apart from the economic effects linked directly to the FCC itself, the host region
will benefit from the cost-of-living expenditures of up to 11,000 FCC-related personnel as well as around 300,000 annual tourists
expected to visit the largest machine ever built.
Research group:Regional Economics and Spatial Analysis