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Edinburgh 'best city of the future'

13:25, Feb 13 2012

 

Edinburgh and Glasgow have been named Europe's top large "cities of the future".

Foreign investment publication fDi Magazine ranked the continent's cities on their potential to capture future investment and expansion projects.

Edinburgh and Glasgow topped the list of "large" European cities, those with a population of between 500,000 and one million, beating Amsterdam, Oslo and Helsinki.

Birmingham was the only other large UK city in the top 10, in seventh place.

London, classed as a "major" city due to its population size, was named the top European city overall, coming in front of Reading (5th), Cambridge (7th) and Dublin (8th). Edinburgh is in 11th place and Glasgow at 14th, while Dundee came 25th despite being a "micro city" by population.

Edinburgh is said to have the best foreign direct investment strategy of all large European cities.

City council leader Jenny Dawe said: "This result is great news for the city. Edinburgh has moved straight to the top of the same league table as major cities such as Frankfurt, Amsterdam and Oslo. This is a fantastic achievement and is testament to our success in securing more than 30 new investment projects in the last 12 months, including Amazon and Toshiba.

Lucy Bird, chief executive of Marketing Edinburgh, said: "Edinburgh is undoubtedly one of the world's best cities for investment and location, and this award provides an opportunity for the city to further enhance its profile to inward investors."

Edinburgh was the only large city in the UK to make the top ten for economic potential and came sixth in the human resources category just ahead of Glasgow. It also has the eighth-best quality of life of all large cities in Europe, with Oslo topping the list, according to the magazine.

Courtney Fingar, editor of fDi Magazine, said: "fDi's rankings reveal the cities and regions that stand the best chance of capturing future investment and expansion projects by multinational companies, something that will become even more important should Europe and the world head into recession."

 

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