Cork has been named the best small city in Europe for business friendliness by the Financial Times’ fDi magazine. The magazine also ranked Cork as one of the overall top 25 European Cities of the Future 2018/19, coming in higher than cities such as Copenhagen, Hamburg, Stuttgart and Zurich. Published every two years, fDi’s European Cities and Regions of the Future presents a league table of the most attractive locations in Europe for inward investment.
Responding to the news Lord Mayor of Cork Cllr Tony Fitzgerald said:
“We are delighted to be ranked the best small city in Europe for business friendliness, and to see that Cork continues to feature strongly in the fDi rankings. Cork is proud of its remarkable FDI success. Global giants including Apple, Intel, Boston Scientific, BNY Mellon and Huawei have significant and established operations in Cork. We’re also attracting a new wave of leading investors in highly active sectors such as cyber, tech and pharma.”
European Cities and Regions of the Future are determined using data across 489 locations. The “small city” category covers cities with an immediate city population of 100,000 to 350,000. In addition to winning the award for business friendliness, and featuring in the overall top 25 European Cities of the Future, Cork was also included in the top ten small European cities for economic potential, top ten small Northern cities and overall top ten small cities. The South West region was also ranked 8th in European small regions of the future.
Cork’s inclusion in the rankings demonstrates its continued attractiveness for overseas investment. Cork is an established base for major global corporates. They are attracted by the talented and educated workforce, the value balance, competitive tax environment, superb quality of life, business-friendly and collaborative environment and the successful global brands already calling Cork home.
“Cork is a place of collaboration and connectivity where businesses are enabled to grow and succeed” said Ann Doherty, Chief Executive at Cork City Council. “We have a strong track record in attracting and retaining FDI and Cork City Council, together with Cork County Council, IDA and other local stakeholders, are proactively working to promote and strengthen the attractiveness of the Cork region globally”