We’ll take it.
Cork City has been hailed the fifth overall best city in Europe for economic potential, according to the Financial Times FDI European Cities and Regions of Future 2020/2021 league.
The influential publisher ranked Cork’s economic potential higher than a range of top tier European cities including Amsterdam, Oslo and Frankfurt. The prestigious ranking looked at metrics such as GDP growth, credit rating, economic freedom and labour productivity in 75 European cities.
“Despite the enormous challenges posed by Covid-19, Cork remains on track to retain its pool of FDI and expand its economic base in 2020.” said Lord Mayor of Cork, Cllr. Joe Kavanagh.
“This confidence in our collective futures for Cork to thrive is clear in the sustained growth evident with the large numbers of people from overseas choosing Cork City as a place to live and work.”
A City Rising
Cork is the fastest growing city in Ireland and it is projected that the city’s population will continue to grow over the next 20 years, reaching over 350,000 by 2040.
Over €1bn of office, hotel and apartment developments are currently underway in the City. The Cork Docklands area is set to provide 179 hectares for business regeneration with employment projections of 30,000 jobs and 30,000 residents.
Earlier this year, the Financial Times FDI European Cities and Regions of Future 2020/2021 league ranked Cork as the second-best small European city in terms of economic potential and sixth in the top ten list of Small European Cities of the Future.