Commercial Property News

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Friday, August 24, 2023

London and Edinburgh lead on knowledge and innovation

A new report investigating 258 European cities reveals that London and Edinburgh are amongst less than 6% of cities categorised as 'Knowledge Hubs' - and as such are more likely to be economically successful.

The 'State of the European Cities' report - commissioned by the European Commission and compiled by economic and social development specialists, ECOTEC Research & Consulting Ltd - analyses factors such as economic capacity and growth; employment rate; demographics; transport; and the educational background of the population.

In relation to the last category, Edinburgh leads all 258 cities, with 42.4% of its residents educated to degree level.

Director of ECOTEC Research & Consulting, and principal author of the report, Jan-Maarten de Vet, said: "During our analysis we identified a number of characteristics that are shared by London and Edinburgh, and each of the other 13 cities categorised as 'Knowledge Hubs'. These characteristics combine to place these cities right at the top of the European League."

Amongst the 258 cities analysed, the cities identified as 'Knowledge Hubs' are: Amsterdam; Barcelona; Cologne; Copenhagen; Dublin; Dusseldorf;Edinburgh; Frankfurt; Hamburg; Helsinki; London; Lyon; Munich; Milan; and Stockholm.