Reading has been ranked 13th in a major international ranking of non-capital cities around the world. San Francisco, Montreal and Houston fill the three top spots of the FDI Tier 2 Cities of the Future ranking.
The report recognises second cities and other major non-capital civic jurisdictions that excel in a spectrum of categories around economic, social, educational and technological characteristics.
116 cities were ranked according to economic potential, human capital & lifestyle, cost effectiveness, connectivity and business friendliness, as well as by Foreign Direct Investment Strategy. The ranking defines secondary cities as non-capitals that attract no more than 20% of their country’s total FDI projects, and no less than 1%, with a total population of under eight million.
Reading placed 13th overall. In addition, it was ranked 9th globally in the Business Friendliness ranking, which indexes various factors related to ease of setting up and doing business in the city; 9th globally in the Connectivity ranking, which measures the city’s infrastructure connectedness by land, air, sea and the internet.
Nigel Horton-Baker, executive director of Reading UK, said: “As the Reading economy, along with the rest of the world, works hard to recover from the economic and social impacts of COVID-19, it is exactly the qualities of business friendliness, connectivity, retention of top talent and the balance of the economy highlighted in this new report that will ensure Reading bounces back quickly.
“Reading UK is working hard, along with other partners and key stakeholders, to deliver a recovery strategy powered by its people that will ensure Reading remains a global player through the next economic age.”
See the full report at https://www.fdiintelligence.com/