Draft Programme for Government 2025 Published - Key Funds and Asset Management Commitments

Thursday, 16 January 2025

Draft Programme for Government 2025 Published - Key Funds and Asset Management Commitments

It was encouraging to see strong recognition of the vital role that Ireland's financial services industry plays for our country in the Draft Programme for Government that Fianna Fail and Fine Gael published yesterday.

Ireland's funds and asset management industry continues to lead and drive significant economic impact:

  • Ranked as the 2nd largest location for regulated investment funds in the EU and 3rd largest globally—a testament to 40 years of leadership in the space.

  • Over 19,500 people employed nationally, with 46% now based outside Dublin, boosting regional growth.

  • Contributing nearly €1 billion annually in direct taxes.

Key commitments from the Draft Programme include:

  • Simplify and modernise our regulatory framework to ensure Ireland remains competitive within the EU and globally, facilitating continued investment.

  • Attract private market investment into the economy through an enhanced regulatory framework, promoting regional growth and improving financial futures for Irish citizens.

  • Support the development of the Savings and Investment Union, seeking opportunities to improve competition in key financial sectors and to support the green and digital transitions.

  • Create 9,000 new jobs in international financial services by 2030. This ambitious target will drive growth and enhance Ireland’s reputation in the global market.

  • Publish a national financial literacy strategy to support improved financial knowledge and understanding.

  • Enhance Ireland’s funds and asset management offerings to position Ireland as a leading hub for Sustainable and Green Finance, catering to evolving investor needs and the drive for better access to sustainable capital.

    These commitments reflect the enormous potential for growth and innovation in Ireland’s financial ecosystem.

    Read the full Draft Programme.

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