Dublin bids for banking and medicines agencies

Dublin is among more than 20 European cities battling to become the new homes to two EU agencies which will leave London because of Brexit.

The Government has made formal bids to host both the European Banking Authority (EBA) and the European Medicines Agency (EMA), currently based in London’s Canary Wharf.

It is understood that the Government is prepared to spend €10m to help with EMA staff and is offering to contribute almost €80m towards the agency’s rent and maintenance here.