Edinburgh is the UK’s most attractive city for inward investment
Edinburgh has been named the UK’s most attractive cities for investors according to a study by Arcadis citing the Scottish capital’s strong economic performance and high proportion of skilled and educated workers were among the appealing factors for potential investors.
Cllr Gavin Barrie, Housing and Economy Convener, said: “It is great to see Edinburgh getting the recognition it deserves in this area and this is welcome confirmation that along with our partners across the city, we are continuing to drive investment to the Capital, which is creating thousands of new jobs. Due to its excellent quality of life and vibrant economy Edinburgh provides an innovative environment for companies of all sizes, both home grown and international, to succeed. The city’s rapid growth in the tech sector and start-up scene and increased international reputation coupled with long-standing expertise in finance mean that Edinburgh is well positioned to attract investment.
“We are also well aware of the challenges that we face to keep up with our growing population which is why we are investing in one of the biggest affordable house building programmes in the UK with a commitment to build 20,000 new homes in the next 10 years. In addition to this, our economy strategy, which will be considered by councillors next month, will focus on ensuring that everyone in the city shares in this success.”
Recent inward investors to the city include Australian financial services company Computershare who has chosen Edinburgh as the home of a global technology centre that will support its operations, creating more than 300 high-quality technology jobs. Stuart Irving, President and CEO, Computershare said: “Edinburgh is a truly international capital city with a bright future. It’s a natural home for a global company. As a growing business, we need the skills and hard work we see on offer in this city.” Computershare’s new Grade A office at 4 North St Andrew Street in the city centre is being extensively refurbished will open during 2018.
In the largest pre-let of office space in Edinburgh for more than 20 years, the UK Government has selected New Waverley as the centrepiece of a new HMRC regional centre function. The new development, adjacent to Edinburgh Waverley railway station, will deliver grade-A offices to be occupied by 2,900 civil servants from several UK Government departments into the historic heart of the city. Clive Wilding, Property Director, Artisan Real Estate Investors, said: “Bringing in such a significant influx of working professionals into the Old’s Town’s UNESCO world heritage site shows that even the most protected and fragile of urban environments can be adapted to meet the needs of a modern, forward-looking city.
Edinburgh will be promoting its investment portfolio to international investors and developers at MIPIM 2018. On the back of the approved City Region Deal, the team are keen to enter discussions to help stimulate development opportunities across the city. To arrange a meeting with the team at MIPIM 2018, please use the following contact details.