Press release
Minister of State Neale Richmond publishes 2023 Ireland for Finance Progress Report
Published on
Last updated on
Published on
Last updated on
Neale Richmond TD, Minister of State at the Department of Finance with special responsibility for Financial Services, Credit Unions and Insurance, has published the 2023 progress report of the Ireland for Finance Strategy.
Minister Richmond said:
“Ireland’s international financial services sector continues to go from strength to strength. There are now over 57,600 people estimated to be working in the sector, representing a 50% increase in jobs since 2015 alone.
“Gone are the days when the international financial services sector was confined to the IFSC in Dublin. Today, approximately one in four jobs in the sector are outside of Dublin in the regions, providing high quality jobs across the country.
“The IDA and Enterprise Ireland continue to support growth in this sector, with the IDA supporting over 300 companies in international financial services and Enterprise Ireland investing over €80 million in companies in fintech, financial services and business services since 2018.
“The Ireland for Finance Strategy is central to the success of the sector and the Progress Report 2023 reaffirms that this work is well underway.
“My focus is to continue this growth in 2024, to work with both the private and public sector to achieve this and ensure that Ireland continues to be a leader in international financial services.”
The Progress Report 2023 provides an update on the 12 action measures that were due for reporting last year under the Ireland for Finance strategy. The actions within are focused on the five core themes of the strategy; fintech, sustainable finance, diversity and talent, regionalisation and promotion and operating environment.
Some notable achievements in the 2023 progress report of the Ireland for Finance strategy include:
Notes
About the Ireland for Finance strategy
In April 2019, the Government of Ireland launched Ireland for Finance, its whole-of-government strategy for the further development of the international financial services sector in Ireland. The vision of the Strategy is for Ireland to be a top-tier location of choice for specialist international financial services. The strategy was updated in October 2022 to take account of developments that had occurred since it was launched in 2019, particularly in sustainable finance and in digital finance and fintech. The strategy has five themes: sustainable finance; fintech and digital finance; diversity and talent; regionalisation and promotion; and operating environment. It is implemented through annual action plans and the quarterly meetings of the Ireland for Finance Joint Committee. The Ireland for Finance Action Plan 2024 was published in March 2024.