Taoiseach Micheál Martin has said that the Irish and UK bid to host the 2030 FIFA World Cup is very exciting news. 

Speaking as he arrived at the Cabinet meeting this morning, Mr Martin said the Government will "do everything we can to add value to that proposition".

He said the idea of Ireland being a location for major events is something successive governments have been pushing for.

The Taoiseach said he had spoken to British Prime Minister Boris Johnson about the proposed bid.

In a tweet he said: "It's early days - but all sides will cooperate closely on what would be a wonderful opportunity for these islands".

Earlier, Minister for Sport Jack Chambers said the Government "won't be found wanting" and has earmarked €6 million to examine the feasibility of a joint bid.

Speaking on RTÉ's Morning Ireland, he said the Government "will put its best foot forward" and begin work this year on the process, along with the Irish football associations and the British government.

He said "time is on our side to advance the detail behind the feasibility work".

Mr Chambers said the strength of the five nations and five football associations coming together to collaborate is very significant and Ireland has experience from its work on the bid for the 2023 Rugby World Cup.

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Government backing brings 2030 World Cup bid step closer 

Minister Chambers said the Irish football associations and Government officials had been in talks with their UK counterparts for some time about the feasibility of making a bid.

He said work will now focus on how that could happen ahead of the FIFA  submission process, which begins in 2022.

The partners involved in the process include the Irish Government, Irish Football Association and Football Association of Ireland, English Football Association, Scottish Football Association, Football Association of Wales and UK government, Scottish government, Welsh Assembly government, the Northern Ireland Executive and UK Sport.

Meanwhile People Before Profit TDs Richard Boyd-Barrett and Gino Kenny said the idea of Ireland co-hosting the 2030 FIFA World Cup should be explored because people need a bit of hope.

Labour Leader Alan Kelly also welcomed the Government's backing for a prospective bid describing it as a "a great idea."