State wants multinationals to help revive inner city Dublin

IFSC firms should provide training and jobs to nearby northeast inner city, says report


A Government taskforce is to ask multinational firms to provide jobs or sponsor third-level education for young people in Dublin’s northeast inner city.

The taskforce was set up by the Taoiseach Enda Kenny in the wake of a number of gangland murders earlier last year.

This week marks one year since the Regency Hotel attack, which sparked a spate of murders involving the Kinahan and Hutch gangs.

Former chair of the Labour Relations Commission Kieran Mulvey is to brief residents today on the contents of his report about how to revive the area, which has suffered decades of underfunding.

‘Considerable investment’

It is understood that Mr Mulvey will recommend a significant level of State investment for the next number of years. However, he will stress this cannot all be borne by the public sector and the private sector must pay for some of it.

Mr Mulvey will insist multinationals operating in the neighbouring International Financial Services Centre (IFSC) must give “considerable investment to the area by way of employment and support”.

The Irish Times understands companies will be asked to sponsor education in third-level institutions to local people or to provide on-the-job training.

Mr Mulvey will stress the contrast between the concentration of wealth in the IFSC and the deprivation in some areas nearby.

Mr Mulvey will emphasise the importance of constant community policing in the area and seek additional funds for the Garda units operating there.

His final report will be published in full next week.