Government pledges €78m to help attract European Medicines Agency to Dublin

Posted August 02, 2017

"There have been 19 offers to host the European Medicines Agency (EMA) and 8 for the European Banking Authority (EBA)", the press release read.

Brexit is happening and with it Europe needs to decide where to relocate the two European agencies now based in the United Kingdom.

The banking and medicines agencies are seen as the first spoils of Brexit by the 27 remaining members of the EU - Politico report that 23 of those entered bids for the EMA.

On Monday, Luxembourg was one of the last countries to make its application official.

After the commission publishes its assessment in September, member states will select the new host cities by secret ballot.

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Besides Brussels, Frankfurt, Luxemburg, Dublin, Paris, Prague, Vienna and Warsaw are under consideration.

The European Commission will assess the entries based on the quality of office space, job opportunities for spouses, good "European-oriented" schooling and transport links.

The Minister says that the key to the Irish offer is the whole-of-government commitment to ensuring that the EMA can relocate to its new home and carry out its functions from day one.

Among criteria for selection are a city's infrastructure, transport links, jobs for employees' families, and the need to spread European Union institutions around Europe.

Six countries - Austria, Belgium, France, Germany, Ireland and Poland - have made bids for both agencies.

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In the running to host the EMA are: Amsterdam, Athens, Barcelona, Bonn, Bratislava, Brussels, Bucharest, Copenhagen, Dublin, Helsinki, Lille, Milan, Porto, Sofia, Stockholm, Malta, Vienna, Warsaw, Zagreb.

The EMA is in charge of scientific evaluation, supervision and safety monitoring of medicines in the European Union.

The European Parliament representative for the EMA and Member of the European Parliament from Croatia Biljana Borzan says that, in the past months, there is a fierce competition among countries which want to host the agency.

A political discussion in October will precede the private vote in November. "This includes 40,000 hotel stays for visitors each year", the BBC article noted.

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