Edinburgh and Glasgow improve their rankings in the Global Financial Centers Report

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Edinburgh and Glasgow have improved their rankings as globally recognized financial centres.

the Global Financial Centers Index, produced by the China Development Institute in Shenzhen and Z/Yen Partners in London revealed that Edinburgh moved up one place to number 21 and Glasgow moved up 13 places to number 52.

The report noted that Edinburgh had moved into the report’s ‘unpredictable’ centers zone, meaning it was unable to predict growth or devaluation. The city also moved into the established industrial sector for the first time.

Sandy Begbie, Managing Director of Scottish Financial Enterprise, said: “Edinburgh and Glasgow have improved their rankings in this internationally recognized index – a welcome indication of Scotland’s growing strength and international competitiveness in financial services.

“We have the ambition to build on our strong history of innovation and quality in financial services to continue this upward trajectory.

“By recruiting, developing and retaining diverse, high-performing talent from all backgrounds, innovating to meet changing client needs, and inspiring global leadership in green finance to lead the journey to net zero, we can demonstrate the positive impact that finance can have on society. and deliver success that benefits everyone.

Separately, commercial property adviser CBRE revealed that Glasgow has retained its position in the UK’s top three tech cities outside of London. Edinburgh was ranked fifth in the list.

The report follows the company’s 2017 and 2019 reports, which rank the top 15 tech destinations outside of London.

The methodology ranks cities based on factors such as access to skilled talent, availability of office space, proximity to institutions providing high-quality technology education, cost of living and cost of education. ‘use.

Glasgow continues to attract talent and technology companies, maintaining its position in the top three. With high levels of education, coupled with relatively low property prices compared to many other places, Glasgow is an attractive location both for talent seeking a high quality of life and for companies wishing to employ them.

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