Government must do more to bring financial companies out of Dublin – Naughten

In Jobs by Denis Naughten

Local TD Denis Naughten has called on the Government to ensure that financial services companies are encouraged to establish operations outside Dublin.
“The Government is developing a new strategy for the Financial Services Sector and I believe it is important that regional towns such as Carrick-on-Shannon form part of that strategy,” stated Denis Naughten.

“With the loss of the Bank of America jobs late last year, we now have a well trained workforce and state-of-the-art financial services facilities in Carrick-on-Shannon which could become fully operational at a fraction of the cost of a similar project in Dublin.

“I again raised the issue in the Dáil this week and I have asked the Minister with responsibility for the Financial Services Sector to visit Carrick-on-Shannon as part of the roll out of the new strategy for this rapidly growing sector.

“The Government has rightly focused considerable efforts on promoting the financial services sector in Ireland and I am actively encouraging it to give us just a small share of that cake so ensure that committed staff in Carrick-on-Shannon have the opportunity to work close to home,” concluded Denis Naughten.

DÁIL QUESTION addressed to the Minister for Finance (Deputy Michael Noonan)
by Deputy Denis Naughten
for ORAL ANSWER on 04/02/2015

To ask the Minister for Finance the discussions he has held within international banking sector regarding the possibility of expanding operations to Carrick on Shannon, County Leitrim; and if he will make a statement on the matter.



As I am sure the Deputy will be aware, I have been informed by Minister of State Harris that he met with Cathaoirleach and CEO of Leitrim County Council in November regarding the MBNA closure, there were also EI and IDA representatives present.

Minister of State Harris, in his role regarding international banking, is currently developing an International Financial Services Strategy. A key feature of this revised Strategy will be the focus on building employment in regions outside of Dublin and the Minister of State will continue to work closely with the state agencies, EI and the IDA, to support their initiatives.