London is outstripping its rival European cities and is swimming in talent – so says a fresh report from the City Corporation that belies Brexit turmoil....
London is outstripping its rival European cities and is swimming in talent – so says a fresh report from the City Corporation that belies Brexit turmoil.
According to research compiled on behalf of the local authority by global advisory group FTI Consulting, 89% of global institutional investors view the Capital as home to the cream of the crop in Europe when it comes to delivering financial services.
Findings of The City as a Place for People report were supported by a separate survey of 2,568 corporate decision makers spread evenly across France, Germany, Spain and the UK.
Firms listed the Square Mile’s proximity to innovative and creative clients and tech hubs, the breadth and depth of expertise across financial and professional services, transport infrastructure, cultural offering, smart enabled office buildings, and access to world-leading specialists, services and clients amongst reasons as why London was their preferred destination for conducting business.
City policy chairman Catherine McGuinness said that now more than ever access to talent was crucial to global competitiveness, and that “it was clear” that London continues to lead the way as an international business centre.
“As one of the most sophisticated financial clusters in the world, London’s creative energy continues to shine through,” she said.
“With businesses basing their location decisions on the quality of what they are able to offer their employees, place is increasingly becoming an asset.
“More businesses are taking a closer focus on the design of their building, facilities and local amenities.”