This week London was host to the first fDi Forum which provided an excellent overview of how corporates are operating globally. Despite all the different (and many scary) challenges appearing on the global risk landscape, companies are still getting on with business and growing across borders. In particular we were delighted to see tech start-ups getting a high profile in the conversation, and also to hear from big tech corporates such as Google, Dell, Johnson & Johnson, Samsung, Fujitsu, 3M and the Airbus Group. Very useful market intelligence indeed.
While much of the media attention is on London for the latest tech start-ups and big funding news, other UK cities are quietly getting their act together and making themselves much more glamorous for tech companies. We are hearing good things about the city of Derby which has focused on building up its fibre provision and is now one of the best connected locations in the country. The tech companies are starting to take notice.
Congratulations to Australia which is the most liveable country on our planet. The Economist has just published its Liveability Index for 2014 and Australia has 4 cities in the Top 10 with Melbourne at No.1. Canada also does well with 3 cities, while Europe only has 2 cities in the Top 10.
We are involved in an exciting high street development project, and would like to get your thoughts on it. Many thanks if you are able to fill in our short survey
It is always good to hear about the many and varied manufacturing businesses in the UK. To add to this engaging narrative is the diligent research of Make Works in Scotland which has been hunting down Scottish makers and manufacturers through an extensive road trip across the country (in a tartan volkswagen campervan of course). A great initiative to keep production local.
A very useful read for cities wanting to attract infrastructure investment is Investor Ready Cities produced by Siemens, PWC and Berwin Leighton Paisner.
Our favourite take out from the report on pg 96:
“A city’s ability to deliver the necessary urban infrastructure for sustainable and effective growth is intrinsically linked to its ability to attract and retain capital, both in terms of human resources and talent as well as financial capital. At a time of intense competition between cities, the ability to attract such mobile capital will define success.
To deliver sustainable urban infrastructure, and to attract the necessary investment, a coherent narrative, supported by an investment ready legal and regulatory framework, is needed around funding which will increase the chance of a successful financing.”
It was a pleasure last week to meet up with senior executives from Invest Shanghai, and to hear about the Shanghai Investment Promotion Partnership (SIPP) which is a partnership platform to facilitate co-operation, communication and service delivery with overseas investment promotion agencies (IPAs) for both inbound and outbound investment. Shanghai is the largest city in the world; the world’s number one FDI destination; and is increasingly becoming a significant source of outbound investment. So it is a no-brainer for overseas IPAs to get involved with Invest Shanghai’s SIPP.
Helsinki is hosting the Baltic Sea Region IPA Forum 9 & 10 June. Organised by One BSR this will be a useful event for investment promotion agencies wanting to learn about the latest trends and best practices in inward investment.
Most companies want to locate where the action is, and for a knowledge-based sector such as information and communication technologies (ICT), where the people and businesses are concentrated is usually of great interest. The EU has recently produced a report on Europe’s ICT hotspots. A lot of impressive number crunching has been undertaken for this study, and it is interesting to see that most of Europe’s ICT activity takes place in 34 regions across 12 countries – a total of 1,303 regions were examined for the study. The report identifies the top three ICT locations in Europe as:
- Munich – Kreisfreie Stadt area
- London – Inner East area
Cork is developing its place branding and wants you to participate: Cork Brand Descriptor Welcome to Cork!