World Economy

London Loses Second Key European Agency

London Loses Second Key European AgencyLondon Loses Second Key European Agency

The European Medicines Agency is to be relocated from London to Amsterdam after Brexit, it has been announced. Alongside the European Banking Agency, the EMA is one of two key EU regulators which are to move away from London’s Canary Wharf, where they currently employ around 1,000 staff.

The Dutch city of Amsterdam won a battle to host the EMA against a field including Athens, Barcelona, Bonn, Bratislava, Brussels, Bucharest, Copenhagen, Dublin, Helsinki, Lille, Milan, Porto, Sofia, Stockholm, Malta, Vienna, Warsaw and Zagreb.

Ministers from the 27 other EU members voted at a meeting in Brussels on which cities should become the agencies’ new homes.

The chief executive of the Association of the British Pharmaceutical Industry, Mike Thompson, said: “Congratulations to Amsterdam on their successful bid. Hosting the EMA is a singular honor for any city and we will do all we can to support the agency’s smooth transition to its new home.”

Thompson added: “Today’s decision marks the moment when attention should switch to how patient safety and effective public health can be maintained during this complex transition and into the future. We now urge both the UK and the EU to put patients first and acknowledge that securing a comprehensive agreement to cooperate on medicines safety, regulation and supply is an urgent negotiating priority.”

He said: “Today we find out which European city has won the EMA. But what a loss for the UK: 900 jobs, €322 million budget (89% from fees & charges, 5% from EU), health industry setting up nearby & 40,000 business visits a year. Gone from London. Thanks to Brexit.”


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