Its proximity to the North Sea has made it a logistics centre and a key player in the EU’s push to install 65 gigawatts of offshore wind by 2030. Hamburg, Germany’s second-most populous city, jumped to first place in the large cities category.
The former is home of Euronext, the pan-European stock exchange that has unseated the London Stock Exchange as the continent’s biggest trading venue, with the latter benefitting from the pot-Brexit influx of financial services companies. Two big Brexit winners chase on London’s heels in the major cities category: Amsterdam and Dublin. Seemingly indifferent to the political turbulence that Brexit has triggered since 2016, the UK capital continues to attract more FDI projects than any other city across Europe as it leverages its strength as a truly global metropolis and its unique combination of talent, infrastructure and capital. London has maintained its crown in fDi’s European City of the Future title in the major cities category. This is the only qualitative category in the otherwise data-driven ranking that feeds into the overall results. A judging panel made of four experts in investment promotion and economic development - Carolina Arriagada Peters, Sean Duggan, Judith O’Doherty and Firdaous Oussidhoum - as well as fDi’s editor Jacopo Dettoni and reporter Seth O’Farrell, reviewed 89 submissions from cities and regions across Europe.
The European Cities and Regions of the Future 2023 ranking collected surveys from European investment promotion agencies for another category: the ‘FDI Strategy’ category. It also assessed 38 local enterprise partnerships in the UK.Įverything was ranked by their performance across five subcategories: economic potential business friendliness connectivity human capital and lifestyle and cost effectiveness.
It assessed as many as 370 European cities divided by population size into five groups - major, large, mid-sized, small and micro cities - as well as 148 European regions divided into three groups - large, mid-sized and small regions. Against this backdrop, the European Cities and Regions of the Future 2023 ranking benchmarked against each other the most promising investment destinations across Europe.
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