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L
JAcqueline ondon has once again been the collection of data for 223 cities
JuDging PAnel
32 February/March 2010
European Region for FDI Strategy. Benchmark is an independent data- JuDging cRiteRiA
The UK’s South-east also claimed base which benchmarks global loca- EConomiC potEntial
the award for the Best Northern tions according to how attractive they • population¹
• Population growth rate¹
European Region of the Future, fol- are to foreign investors. This division • Number of patents¹
lowed by the Capital Region of compiled the majority of the data for • Gross domestic product (GDP) per
Denmark and Scotland, in second and the Cities and Regions of the Future capita³
• GDP, purchasing power parity³
third places, respectively. The Best FDI competition, with the exception of • Total number of FDI projects (Jan
Strategy in Northern Europe category the FDI promotion strategy, which 2003 to Oct 2009)³
was dominated by UK regions, with was submitted by individual cities/ • Number of companies in R&D¹
Yorkshire and Humberside ranking • Total number of FDI megaprojects
regions and assessed by the judging (Jan 2003 to Oct 2009)³
second, followed by Scotland and panel. These changes have made the • Total number of jobs created by
Thames Valley ranking third and competition even more objective. FDI (since 2005) ²
fourth, respectively. • Total capital expenditure on R&D
FDI projects³
Polish regions accounted for half Methodology • Employment in the knowledge-
of the top 10 Eastern European fDi Cities and Regions of the Future intensive sector²
Regions of the Future; however, the shortlists were created from an inde- • Global competitiveness index³
• Inflation³
Bucharest and Prague regions pendent collection of data by fDi • Forecast GDP growth rate (2010)³
claimed the top two positions. The Benchmark across 223 European cit-
Northern Great Plain of Hungary ies and 142 European regions. This Cost EFFECtivEnEss
• office rent³
was awarded the Best European information was set under six catego- • Industrial rent³
Region in Eastern Europe for FDI ries: economic potential, human • Price of unleaded petrol¹
Strategy, followed by Lesser Poland. resources, cost effectiveness, quality • Luxurious hotel cost in city centre¹
• Minimum wage³
In Southern Europe, Catalonia of life, infrastructure and business • Cost of registering property³
ranked top for Best Region of the friendliness. A seventh category was • Cost of dealing with construction
Future, followed closely by Madrid, added to the scoring – FDI promotion permits³
• Profit tax³
which was top for Best FDI Strategy in strategy. In this category, 99 European • Cost to export³
the Southern Europe region. The inde- cities and regions submitted details • Cost to import³
pendent judging panel regarded other about their promotion strategy and • Cost of establishing a business³
Spanish regions such as Catalonia, this was judged and scored by the • Cost to set up an electricity
connection for a new business³
Andalucia, Navarra, Aragon and independent judging panel. • Domestic logistics costs³
Castilla-la Mancha as having an Cities and regions scored up to a • Average retail price of electricity³
impressive FDI Strategy and so all were maximum of 10 points under each • Redundancy costs³
• Wage of an unskilled worker³
included in the top 10 for Best FDI individual criteria, which were • Wage of a semi-skilled worker³
Strategy in Southern Europe. weighted by importance to give the • Wage of a skilled worker³
Ile-de-France topped the Best overall scores. Where data was avail- • Average residential property price¹
Western European Region of the able only at a national rather than Human REsouRCEs
Future 2010/11 ranking, while city or regional level, a lower weight- • Unemployment rate³
Flanders, Brussels Capital Region ing was generally applied. • Total ‘world top-500’ universities³
• Number of universities¹
and Ouest in France were regarded • Number of university students³
as the best Western European categories • European business school rankings¹
Regions for FDI Strategy. n Major cities have a population of • Graduates, tertiary³
more than 1 million. • Gross enrolment rate, tertiary³
• Gross enrolment rate, secondary³
note n Large cities have a population of • Gross enrolment rate, primary³
In April 2008, the Financial Times Ltd between 500,000 and 1 million. • Labour force with tertiary
acquired fDi Markets and fDi n Small cities have a population of education³
• Public education expenditure³
Benchmark. fDi Markets is an inde- between 250,000 and 500,000. • Human resources in sciences and
pendent database tracking global FDI n Micro cities have a population of high-tech industries²
on a real-time basis and fDi less than 250,000. n • Economically active population²
(continued next page)
February/March 2010 33
RegIonS
euRoPe
JuDging cRiteRiA toP 25 euRoPeAn citieS: oVeRAll toP 10 MicRo euRoPeAn citieS
quality oF liFE RAnk city countRy RAnk city countRy
• Unemployment rate³ 1 London UK
• Number of International
1 eindhoven netherlands
2 paris France 2 Cambridge UK
baccalaureate schools¹
• Average residential property price¹ 3 Moscow Russia 3 grenoble France
• Number of hospital beds³ 4 Stockholm Sweden 4 Oxford UK
• Death rate³ 5 barcelona Spain
• Health expenditure³
5 Bordeaux France
6 Dublin Ireland 6 Basel Switzerland
• Life expectancy³
• Quality of life index³ 7 vienna austria 7 neuilly-sur-Seine France
• Global peace index³ 8 Frankfurt Germany 8 Reading UK
• International tourism arrivals³ 9 Brussels Belgium
• GDP per capita²
9 Galway Ireland
10 edinburgh UK 10 Gent Belgium
inFRastRuCtuRE 11 Madrid Spain
• Number of international 12 Amsterdam Netherlands
destinations served³ 13 Copenhagen Denmark toP 10 noRtHeRn euRoPeAn citieS
• Upload speed³ 14 Hamburg Germany
• Download speed³ RAnk city countRy
• Number of ports¹ 15 Zurich Switzerland 1 London UK
• Type of port¹ 16 Berlin Germany 2 Stockholm Sweden
• Size of port¹ 17 Munich Germany
• Airlines served¹ 3 Dublin Ireland
18 Bucharest Romania 4 edinburgh UK
• Number of terminals¹
• World port rankings¹ 19 Oslo Norway 5 Copenhagen Denmark
• Major railway lines to the city¹ 20 eindhoven netherlands 6 Oslo Norway
• Access to markets¹ 21 Cambridge UK
• Time to export³ 7 Cambridge UK
22 Warsaw Poland 8 helsinki Finland
• Time to import³
• Internet access at home³ 23 helsinki Finland 9 Manchester UK
• Telephone lines³ 24 Manchester UK 10 Oxford UK
• Mobile phone subscribers³ 25 budapest hungary
• Logistics performance index³
• Network readiness index³
BusinEss FRiEnDlinEss toP 10 MAJoR euRoPeAn citieS toP 10 eASteRn euRoPeAn citieS
• Number of jobs created by FDI¹ RAnk city countRy RAnk city countRy
• Number of companies within the 1 London UK 1 Bucharest Romania
high-tech manufacturing sector³
• Number of companies within the 2 paris France 2 Warsaw Poland
high-tech services sector³ 3 Moscow Russia 3 budapest hungary
• Number of companies within the 4 Stockholm Sweden 4 Prague Czech Republic
knowledge-based sector³ 5 barcelona Spain 5 bratislava Slovakia
• Growth of high-tech
manufacturing firms³ 6 Dublin Ireland 6 Krakow Poland
• Growth of high-tech services firms³ 7 vienna austria 7 Kyiv Ukraine
• Growth of knowledge-based firms³ 8 Brussels Belgium 8 Pilsen Czech Republic
• Top 1000 world banks³ 9 Madrid Spain 9 Brno Czech Republic
• Days taken to start a business³
• Hiring costs³ 10 Copenhagen Denmark 10 Wroclaw Poland
• Difficulty of redundancy index³
• Ease of doing business index³
• Corruption perceptions index³ toP 10 lARge euRoPeAn citieS toP 10 SoutHeRn euRoPeAn citieS
• Economic freedom index³
• Innovation index³ RAnk city countRy RAnk city countRy
1 Frankfurt Germany 1 barcelona Spain
FDi pRomotion stRatEgy 2 Amsterdam Netherlands 2 Madrid Spain
• Number of staff dedicated to 3 Oslo Norway
promoting and facilitating inward
3 Rome Italy
investment and systems/ 4 helsinki Finland 4 Istanbul Turkey
programmes in place to train staff 5 Düsseldorf Germany 5 Milan Italy
and measure performance³ 6 Stuttgart Germany 6 valencia Spain
• Key initiatives under way to attract 7 Glasgow UK
more investment³
7 Lisbon portugal
• Information on high-growth 8 Rotterdam Netherlands 8 bologna Italy
sectors/sub-sectors in the city 9 Gothenburg Sweden 9 athens greece
which offer excellent potential 10 Nuremberg Germany 10 Izmir Turkey
for inward investment³
• Description of incentives available
to inward investors and the typical
size of incentives³ toP 10 SMAll euRoPeAn citieS toP 10 WeSteRn euRoPeAn citieS
• Major infrastructure and urban
RAnk city countRy RAnk city countRy
planning projects³
• Bonus question: outline of the 1 edinburgh UK 1 paris France
location’s vision for achieving 2 Zurich Switzerland 2 vienna austria
full FDI potential and why it is 3 Manchester UK 3 Frankfurt Germany
a location of the future³
4 The hague netherlands 4 Brussels Belgium
Note: Information collected by fDi 5 Utrecht netherlands 5 Amsterdam Netherlands
Benchmark except for final criteria 6 Lyon France 6 Hamburg Germany
– this was provided by the cities 7 Antwerp Belgium 7 Zurich Switzerland
and assessed by the judging panel.
¹city data point only
8 Malmö Sweden 8 Berlin Germany
²Regional data point only 9 Leeds UK 9 Munich Germany
³city and regional data point 10 bristol UK 10 eindhoven netherlands
34 February/March 2010
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