Date Created: 13 February 2012
Glasgow and Edinburgh have been named Europe’s top large “cities of the future” by a foreign investment magazine.
The list for fDi Magazine ranked European cities on their potential to capture future investment and expansion projects.
They topped the list of “large European cities” - cities with a population between 500,000 and one million - outstripping 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, ahead of Paris and Vienna. Reading came (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 was ranked as the best large European City for foreign direct investment and also given the award for the best Foreign Direct Investment Strategy in Europe.
Edinburgh 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."
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