Ireland may have lost out on the European Banking Authority but it may yet benefit from another Brexit-inspired relocation. An American philanthropist who has donated more than €50m to the arts in Scotland, where she has lived since the 1970s, has bought a house on Merrion Square in Dublin and is considering moving to Ireland full time.

Carol Grigor, 73, said a combination of new tax legislation in the UK targeting so-called non-doms and the “uncertainty” of Brexit meant she now viewed Ireland as looking “better and better, for all the right reasons”.

Grigor bought No 9 Merrion Square, a Georgian office building, earlier this year for about €3m and recently applied for planning permission to restore it to its original use as a townhouse.