Top place to do business

Edinburgh has been recognised as one of Europe’s best cities to do business, having been crowned a winner in the annual fDi Awards.

The awards are published by the international news and foreign direct investment magazine fDi, which is produced by the Financial Times Group.

Edinburgh has this week been named winner in the mid-sized cities category for Business Friendliness. 

Convener of the City of Edinburgh Council’s Economy Committee, said: “This is great news for Edinburgh and yet another triumph for us within the Financial Times fDi Magazine Awards.

“Edinburgh is a highly attractive place to do business. Last year, the city secured 40 foreign direct investments, equivalent to one every nine days, and this success is whetting the interest of more and more multinationals.

“Organisations settling in Edinburgh can benefit from an impressive range of support from the Council, including the Business Gateway. This free service offers advice, training, seminars and networking opportunities for new and growing businesses. Add to this the Council’s ‘soft landing service’ and the UK’s best educated workforce, an enviable standard of living and a world-leading company base in sectors including finance and technology, and it is easy to understand why fDi recognises Edinburgh as one of Europe’s best places to do business.”

The magazine cites the City of Edinburgh Council’s work to maintain and build upon the relationships the city has with other global locations as a key driver for foreign direct investment, in particular with Munich and the Chinese city of Shenzhen.

The Council works closely with the Bavarian government to promote the city to businesses in Germany, while it also has an  agreement with Shenzhen to encourage more investment between the two locations.

More incubator space has been created in both Edinburgh and Shenzhen to encourage investors, while the Council also offers free ‘soft landing services’ for newly arrived businesses, including advice on property and practical support for employees relocating to the city.

Interested in how the Council supports businesses? Visit the Business Gateway for support and advice or Invest Edinburgh for more business news.

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