Written Answers. - International Financial Services Centre Jobs.

Eric J. Byrne

Question:

25 Mr. E. Byrne asked the Minister for Finance the number of jobs created in the International Financial Services Centre in 1995; the proposals, if any, he has for the further development of secondary employment related to this centre; and if he will make a statement on the matter. [8600/96]

The number of direct jobs created in the International Financial Services Centre (IFSC) in 1995 is estimated at about 600. In addition, there are a substantial number of indirect jobs in associated legal, accounting and other services such as software development which provide essential support to companies located in the centre. It is not possible to accurately quantify this employment. At the end of 1995, there were over 100 people employed at the IFSC in retail and catering activities, as well as in the areas of security and cleaning. There is of course also substantial construction employment on the site at present.

In regard to the further development of secondary employment relating to the centre, the Deputy may be aware that the Taoiseach recently launched a new IDA Ireland marketing initiative which aims to get IFSC companies to extend their operations in Ireland through the creation of a shared services centre or back office. This development will enable companies to base their European-wide administration, data processing, software services or customer support services at one location, in Dublin.