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The relocation of the European Medicines Agency (EMA) could cost the UK more than half a billion pounds.
The move, which is necessary following the UK’s decision to leave the European Union, will see the agency move from its base in Canary Wharf, London to another European city.
In figures obtained by Veterinary Record, the agency confirmed that the UK could have to pay as much as e582.5 million (£529 million) to complete the relocation.
So far, 19 cities have formally offered to host the agency. It is not yet known how many staff will lose their jobs or be affected in other ways as a result of the relocation. The EMA’s veterinary medicines division employed 42 staff members as of August 2016.
According to one former insider, the EMA’s move could have ‘far reaching consequences’ …
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