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Ireland open for financial-services business, on target for 10,000 jobs

Posted January 27th, 2017

WE LAUNCHED the Government’s 2017 Action Plan for the ongoing implementation of our strategy for financial services on the eve of the European Financial Forum in Dublin Castle.

Under the strategy, IFS2020, we set ourselves the ambitious target in 2015 of growing the number of jobs in Ireland’s financial services sector by 10,000 over five years, which would take us to 45,000 by the end of 2019. The good news – not just for Dublin, but for the rest of the country too – is that we are on course to meet that target.

Furthermore, while Brexit has clearly created a degree of economic uncertainty, it also represents an opportunity for Ireland to attract financial services and FinTech investment and jobs.

As Minister of State with responsibility for Financial Services, I made it clear at the European Financial Forum and in a series of overseas visits to promote the sector and our ‘IFS Ireland’ banner brand that Ireland is very much open for new business.

This year’s IFS2020 Action Plan places a strong focus on Brexit and, as I said at the launch, its structures provide the toolkit to react to domestic and international challenges and opportunities arising over the next 12 months and beyond.

Read more about IFS2020 and this year’s Action Plan here.

Listen to my comments RTÉ’s Morning Ireland on financial-services firms expressing an interest in moving operations to Ireland here.