diff --git a/CHANGELOG.md b/CHANGELOG.md
index f29d84df..7c32c89e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -17,6 +17,8 @@ Modifications by (in alphabetical order):
 * P. Vitt, University of Siegen, Germany
 * A. Voysey, UK Met Office
 
+20/06/2022 PR #345 - add fparser2 performance benchmark in the scripts folder.
+
 ## Release 0.0.16 (16/06/2022) ##
 
 14/06/2022 PR #337 towards #312 (performance improvements). Removes some
diff --git a/doc/developers_guide.rst b/doc/developers_guide.rst
index f480c79a..7bb9897a 100644
--- a/doc/developers_guide.rst
+++ b/doc/developers_guide.rst
@@ -981,3 +981,15 @@ clear_symbol_table  --                      Removes all stored symbol tables.
 fake_symbol_table   --                      Creates a fake scoping region and
                                             associated symbol table.
 =================== ======================= ===================================
+
+
+Performance Benchmark
+---------------------
+
+The fparser scripts folder contains a benchmarking script to assess the
+performance of the parser by generating a synthetic Fortran file with
+multiple subroutine and the associated subroutine calls. It can be executed
+with the following command::
+
+    ./src/fparser/scripts/fparser2_bench.py
+
diff --git a/src/fparser/scripts/README b/src/fparser/scripts/README.md
similarity index 87%
rename from src/fparser/scripts/README
rename to src/fparser/scripts/README.md
index c9c4e79b..4bf5e911 100644
--- a/src/fparser/scripts/README
+++ b/src/fparser/scripts/README.md
@@ -1,6 +1,6 @@
 This directory contains scripts that are potentially useful for
-running and/or testing fparser. The scripts and their use is described
-below
+running and/or testing fparser. The scripts and their use are described
+below.
 
 fparser2.py
 -----------
@@ -17,6 +17,12 @@ end program test
 PROGRAM test
 END PROGRAM test
 
+fparser2_bench.py
+-----------------
+
+Generates a synthetic Fortran source benchmark in memory and then
+measures the time taken by fparser2 to parse it.
+
 parse.py
 --------
 
diff --git a/src/fparser/scripts/fparser2_bench.py b/src/fparser/scripts/fparser2_bench.py
new file mode 100755
index 00000000..6df464aa
--- /dev/null
+++ b/src/fparser/scripts/fparser2_bench.py
@@ -0,0 +1,130 @@
+#!/usr/bin/env python
+# Copyright (c) 2022 Science and Technology Facilities Council
+#
+# All rights reserved.
+#
+# Modifications made as part of the fparser project are distributed
+# under the following license:
+#
+# Redistribution and use in source and binary forms, with or without
+# modification, are permitted provided that the following conditions are
+# met:
+#
+# 1. Redistributions of source code must retain the above copyright
+# notice, this list of conditions and the following disclaimer.
+#
+# 2. Redistributions in binary form must reproduce the above copyright
+# notice, this list of conditions and the following disclaimer in the
+# documentation and/or other materials provided with the distribution.
+#
+# 3. Neither the name of the copyright holder nor the names of its
+# contributors may be used to endorse or promote products derived from
+# this software without specific prior written permission.
+#
+# THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS
+# "AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT
+# LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
+# A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT
+# HOLDER OR CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL,
+# SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT
+# LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE,
+# DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY
+# THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT
+# (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE
+# OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
+
+'''
+Generates a large Fortran program in memory and then measures how long
+it takes fparser2 to parse it. This is based on the benchmark suggested
+by Ondřej Čertík via Ioannis Nikiteas.
+
+'''
+from time import perf_counter
+
+from fparser.common.sourceinfo import FortranFormat
+from fparser.common.readfortran import FortranStringReader
+from fparser.two.parser import ParserFactory
+
+
+def gen_sub(num: int):
+    '''
+    Constructs a Fortran subroutine named g<num>.
+
+    :param num: the number of the subroutine (used to name it).
+
+    :returns: Fortran subroutine.
+    :rtype: str
+
+    '''
+    sub = f"""subroutine g{num}(x)
+    integer, intent(inout) :: x
+    integer :: i
+    x = 0
+    do i = {num}, {num+9}
+        x = x+i
+    end do
+end subroutine
+
+"""
+    return sub
+
+
+def create_bench(num_routines: int):
+    '''
+    Creates the Fortran benchmark code.
+
+    :param num_routines: the number of subroutines to create.
+
+    :returns: benchmark Fortran code.
+    :rtype: str
+
+    '''
+    code = ["program bench3",
+            "implicit none",
+            "integer :: c",
+            "c = 0"]
+    for i in range(1, num_routines+1):
+        code.append(f"call g{i}(c)")
+
+    code.append("print *, c")
+    code.append("contains")
+
+    for i in range(1, num_routines+1):
+        code.append(gen_sub(i))
+    code.append("end program")
+
+    return "\n".join(code)
+
+
+def runner(num_routines: int):
+    '''
+    Entry point for running the benchmark.
+
+    :param num_routines: the number of subroutines to create in the \
+                         Fortran benchmark.
+
+    :raises ValueError: if num_routines < 1.
+
+    '''
+    if num_routines < 1:
+        raise ValueError(f"Number of routines to create must be a positive, "
+                         f"non-zero integer but got: {num_routines}")
+
+    print(f"Constructing benchmark code with {num_routines} subroutines...")
+    code = create_bench(num_routines)
+    reader = FortranStringReader(code)
+    # Ensure the reader uses free format.
+    reader.set_format(FortranFormat(True, True))
+
+    fparser = ParserFactory().create()
+
+    print("Parsing benchmark code...")
+    tstart = perf_counter()
+    _ = fparser(reader)
+    tstop = perf_counter()
+
+    print(f"Time taken for parse = {tstop - tstart:.2f}s")
+
+
+if __name__ == "__main__":
+    runner(10000)  # pragma: no cover
diff --git a/src/fparser/scripts/tests/test_fparser2_bench.py b/src/fparser/scripts/tests/test_fparser2_bench.py
new file mode 100644
index 00000000..4766395f
--- /dev/null
+++ b/src/fparser/scripts/tests/test_fparser2_bench.py
@@ -0,0 +1,73 @@
+# Copyright (c) 2022 Science and Technology Facilities Council
+#
+# All rights reserved.
+##
+# Redistribution and use in source and binary forms, with or without
+# modification, are permitted provided that the following conditions are
+# met:
+#
+# 1. Redistributions of source code must retain the above copyright
+# notice, this list of conditions and the following disclaimer.
+#
+# 2. Redistributions in binary form must reproduce the above copyright
+# notice, this list of conditions and the following disclaimer in the
+# documentation and/or other materials provided with the distribution.
+#
+# 3. Neither the name of the copyright holder nor the names of its
+# contributors may be used to endorse or promote products derived from
+# this software without specific prior written permission.
+#
+# THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS
+# "AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT
+# LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR
+# A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT
+# HOLDER OR CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL,
+# SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT
+# LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE,
+# DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY
+# THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT
+# (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE
+# OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
+
+'''Tests for the fparser2_bench script.
+
+'''
+
+import pytest
+from fparser.scripts import fparser2_bench
+
+
+def test_gen_sub():
+    ''' Check the gen_sub() routine works as expected. '''
+    code = fparser2_bench.gen_sub(3)
+    assert "subroutine g3(x)\n" in code
+    assert "do i = 3, 12\n" in code
+    assert "end subroutine\n" in code
+
+
+def test_create_bench():
+    ''' Check the create_bench() routine works as expected. '''
+    code = fparser2_bench.create_bench(3)
+    assert "program bench3\n" in code
+    assert code.count("end subroutine") == 3
+    for idx in range(1, 4):
+        assert f"subroutine g{idx}(x)" in code
+    assert "end program" in code
+
+
+def test_runner_invalid_num_routines():
+    ''' Test the checking on the value of the supplied num_routines
+    parameter. '''
+    with pytest.raises(ValueError) as err:
+        fparser2_bench.runner(0)
+    assert ("Number of routines to create must be a positive, non-zero "
+            "integer but got: 0" in str(err.value))
+
+
+def test_runner(capsys):
+    ''' Check that normal usage gives the expected benchmark output. '''
+    fparser2_bench.runner(3)
+    stdout, stderr = capsys.readouterr()
+    assert stderr == ""
+    assert "Constructing benchmark code with 3 subroutines" in stdout
+    assert "Time taken for parse =" in stdout
diff --git a/src/fparser/two/tests/test_scripts.py b/src/fparser/scripts/tests/test_scripts.py
similarity index 100%
rename from src/fparser/two/tests/test_scripts.py
rename to src/fparser/scripts/tests/test_scripts.py