Government's failed AMLA bid cost over €210,000

The Government's failed bid to host the EU's new anti-money laundering agency ended up costing more than €210,000 as officials said a financial incentive of up to €80m would be key to having any hope of success.

They said a suitable office building of around 10,000 square metres would need to be made available quickly and that rent would be in the range of €6-8m. That would leave an annual rent bill of at least €6m before fit-out, maintenance, and car parking costs were considered. The submission said Spain had already identified a building as part of their bid but that there was not yet full clarity from the EU Commission on how much specific information would be needed.

A submission from last autumn said the"main thrust" of Ireland's bid should be the technology expertise here with the IDA asked to"seek testimonials from non-nationals working in the tech sector, who can speak to positive experiences of living and working here."

Business Michael Mcgrath AMLA

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