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Minister Fleming publishes Ireland for Finance Action Plan 2020

The Minister of State with responsibility for Financial Services, Credit Unions and Insurance Sean Fleming TD, has today (Thursday) welcomed approval from Government to publish the Ireland for Finance 2020 Action Plan.

This is the first Action Plan launched under the new Programme for Government, which committed to complete the Ireland for Finance Strategy. Minister Fleming will lead the strategy which aims to develop Ireland as a top tier international location for specialist financial services. The 2020 Action Plan captures the important work that took place throughout the year to date by stakeholders from across the public and private sector.

Speaking about the plan Minister Fleming said:

“Much good progress has been made on important measures for International Financial Services during the year and this is reflected in the resilience the sector has shown in the face of the pandemic. Our attention must now turn the future and how we can maximise the potential of the industry in the national economic recovery.”

In the five years to the end of 2019, the International Financial Services sector in Ireland created 11,600 jobs, exceeding the target of 10,000 net new jobs bringing the number directly employed to 46,600. Over 30% of these direct jobs are in the regions outside Dublin. The Ireland for Finance strategy has a goal of protecting and growing these jobs in firms that are supported by the enterprise agencies, IDA and Enterprise Ireland.