The UK accounts for three of Europe’s top 10 dynamic cities, with London heading the ranking, Cambridge in third spot and Edinburgh in ninth. Germany also grabbed two of the leading placings with Berlin (fifth) and Munich (sixth) in an analysis compiled by Savills Investment Management.
The UK capital came out way ahead of the pack thanks to maximum scores across categories such as innovation, interconnection, investment and infrastructure. Paris ranked second but may well be in a better position to challenge London next year due to Brexit, and to the opening of the city’s new Station F innovation hub which boasts the likes of Facebook and Microsoft and their AI initiatives.
Cambridge is home to Europe’s largest technology cluster and had the lowest unemployment rate of any UK city in 2016. The location ranks first for inclusion and inspiration but does less well on infrastructure. Last year, Apple launched an AI lab in the city, after acquiring a university spinout.
Edinburgh has long been a centre of education, law, literature, science and engineering and ranks in the top 10 for inclusion and inspiration.
Savills IM says the Dynamic Cities ranking aims to capture the factors that make a city attractive to talent, resilient to disruptive technology, as well as a leader in the knowledge economy.
Image: Savills IM