Micheál Martin
Ceist:158. Deputy Micheál Martin asked the Minister for Finance the role his departmental officials had with the new strategy on the IFSC. [22296/18]
Amharc ar fhreagraTuesday, 22 May 2018
Ceisteanna (158)
Freagraí scríofa
In 2015 the Government launched "A Strategy for Ireland's International Financial Services Sector 2015-2020"(IFS2020). The Strategy was a whole of government approach to the continued development of our international financial services sector and was developed to address the increasingly competitive and ever changing nature of international financial services.
IFS2020 is currently led by Minister of State Michael D’Arcy TD with the aim to create 10,000 net new jobs across the Enterprise Ireland and IDA Ireland portfolios in international financial services over five years from 2015 – 2020. The vision of IFS2020 is for Ireland to be the location of choice for specialist international financial services, building on our strengths in talent, technology, innovation and excellent client services, while focusing on capturing new opportunities in a changing market and embracing the highest forms of governance.
To date the IFS2020 Strategy has created approximately 7,000 net new jobs in the sector placing us on target to create 10,000 by 2020. The IFS sector now employs almost 42,000 people across Ireland with 30% of those employed in the sector located outside Dublin.
The IFS2020 Strategy was devised after a series of consultations with stakeholders and with input from the relevant Government departments and agencies including the Department of Finance. The secretariat for the strategy was originally based in the Department of the Taoiseach. It moved to the Department of Finance in 2016 in tandem with the announcement of the new role of Minister of State for Financial Services.
IFS2020 is due to expire in 2019. Minister D’Arcy and officials from my department have begun to consider the development of a successor to IFS2020 and this will continue over the coming months through consultation with relevant stakeholders across both the public and private sector.
Part of the success of the current Strategy is the public-private consultation and engagement on the Strategy and annual Action Plans. A series of targeted and focussed consultation on the content of the strategy will take place as part of the drafting of a new strategy.