'IFS2020 - a new Strategy for Ireland's International Financial Services Sector,' was launched yesterday by Taoiseach Enda Kenny, Tanaiste Joan Burton and Minister of State for International Banking (including IFSC) Simon Harris.
The strategy will be an action-oriented approach to growing and developing the international financial services sector based on the Action Plan for Jobs model. It sets out a clear vision for the sector for the next five years and an ambitious target to create 10,000 net new jobs in the sector by 2020.
A significant number of these jobs created will be in the regions, reflecting the increasing national profile of the sector, with one third of jobs currently outside Dublin.
The staregy will aim to increase the profile of Ireland as location for specialist international financial services by convening a major IFS summit in Ireland in 2016, developing a strategic programme of trade missions and international promotion for the sector and developing a single banner brand for overseas engagement.
The Taoiseach, Enda Kenny said, "As part of our Action Plan for Jobs, we will grow the International Financial Services industry and create new jobs. Today, the IFS sector directly employs 35,000 people. With this new strategy, we are targeting the creation of another 10,000 net new jobs in the sector by 2020. When I travel to the United States tomorrow I will be talking about why Ireland competes and wins on the global stage. This new strategy will ensure that International Financial Services companies in Ireland will continue to thrive and that they will play a key role in securing recovery for the benefit of the entire country."