Our Industry’s Regional Footprint in Ireland
The regional footprint of the funds and asset management industry in Ireland has continued to grow and develop. Almost half of the counties in the Republic of Ireland now have at least one industry firm office location, and there has been an expansion of almost 40% in the number of office locations outside of Dublin. Some firms now have multiple office locations outside the capital.
The recent growth patterns highlight the contribution of the Irish funds and asset management industry to the Irish Government’s policy on balanced regional development, with employment outside of Dublin accounting for 38.3% of the total employment in 2020 compared to 27.9% in 2018.
The greater regional spread of employment evident in the industry also supports a wider regional dispersion of incomes, with positive impacts across the country.
Expansion of Regional Employment in Funds and Asset Management in Ireland
The distribution of employment by location of employees also indicates the increased regional spread of economic activity in the industry. The graphic below highlights the regional distribution of employment in the industry in 2020. The industry now employs individuals living in every county in the Republic of Ireland.
Economic Impact Assessment - Key Findings
Executive Summary: Indecon Assessment of Economic Impact of the Industry on the Irish Economy
The investment funds and asset management industry employs a wide range of highly skilled individuals in Ireland who provide specialist services to enable the establishment, sale, administration and oversight of funds (both Irish and non-Irish domiciled). At the end of 2020, 17,273 full-time equivalent (FTE) persons were directly employed in investment funds and asset managementrelated enterprises.