Newcastle took fourth place in the recently announced TOP 10 mid-sized European cities of the future 2022/23.
The rankings were announced by fDi Intelligence in their European Cities and Regions of the Future report.
The study, which benchmarks the most promising investment destinations across Europe, showed that European locations have proven a certain degree of resilience to the inevitable investment fallout of the pandemic.
As many as 356 cities were assessed and grouped by population size into five: major, large, mid-sized, small and micro cities. They were then ranked based on data collected across five subcategories: economic potential, business friendliness, connectivity, human capital and lifestyle, and cost effectiveness.
Jen Hartley, Director at Invest Newcastle said:
“Newcastle’s position in the FDI European rankings is excellent news and reflects the success we continue to enjoy in attracting inward investment to our region, from the UK and the rest of the world.
“Our robust inward investment strategy helps ensure the region is a considered investment destination for businesses. We’ll continue to tell the story of the region’s assets and strengths, as we look to bring further new and long-term investment and jobs to the region.”