The Government is discussing plans to support the building of a new school in Dublin’s North Inner City as it looks to capitalise on the few opportunities Brexit could present for the country.

The school would offer the international baccalaureate for the children of finance industry executives whose employers decide to set up operations here, following the triggering of Article  50 next year and the subsequent market access issues that should present themselves across the Irish Sea.

Minister of State for Financial Services Eoghan Murphy indicated in a briefing yesterday evening that the school could be located close to an existing educational facility and, in his view, should offer the baccalaureate free of charge to local kids. It would also be open to the general public.

Murphy stated that he has asked Education Minister Richard Bruton and officials at the Department of the Taoiseach to consider the plan, suggesting that it could be put in Paschal Donohoe's constituency of Dublin Central.

The international baccalaureate is a Swiss-based education system introduced in the late '60s for internationally-mobile students, to provide them with a standardised education that wasn't tied to any specific national government agenda. Its four study programmes are typically thought at elite and diplomatic schools.

It is currently offered at St Andrew's School in Booterstown at second level, while the international school on Synge Street, Dublin, also teaches the programme at primary level.