Glasgow tops ranking for foreign direct investment

19 Feb 2020

Glasgow - in competition with over 300 cities across the continent - has been ranked the top large city in Europe for foreign direct investment (FDI), according to a report by fDi Intelligence (part of the Financial Times portfolio).

The European Cities and Regions of the Future 2020/21 report ranked Glasgow as number one within Europe in the Large City category for FDI Strategy. In addition to this ranking, Glasgow retained its 7th position as Best Large City overall, is 4th for Business Friendliness and climbed the rankings for Connectivity to 7th position.

In a welcoming statement, Councillor Susan Aitken, Leader of Glasgow City Council, referred to the continuing growth of the city's financial services community. She said: "This is a great achievement and something that has come about through the hard work of the council and our many partners.  An environment that is friendly to and supportive of business investment has been created, attracting a number of major new developments including Barclays in Tradeston and JPMorgan Chase on Argyle Street (pictured).  These investments bring thousands of jobs and increased economic activity to Glasgow, in turn attracting further investment that can benefit the whole of the city."