Edinburgh has been named one of the most innovative cities in the UK, and among the world’s top 50, in a report produced by property consultancy Knight Frank.
The Scottish capital placed behind only the so-called ‘golden triangle’ of research university cities – London, Cambridge and Oxford – in the UK and globally was ahead of the likes of Amsterdam, Brussels and Oslo.
Knight Frank’s Active CapitalReport ranked 288 major cities across the world on 100 variables, including data related to strength of research outputs, economic prosperity, the ability to conduct business and quality of life.
With 161 research institutions, Edinburgh was found to be a hub of research and development activity, ranking third in the UK behind London and Cambridge. The city also has an active tech community, with only Cambridge having more tech meet-ups per 100,000 population.
Edinburgh was rated the second highest in the UK for quality of life and among the world’s top 50. Earlier this year Knight Frank’s Wealth Report also found Edinburgh to be among the top 20 major world cities for wellbeing.
Toby Withall, partner at Knight Frank Edinburgh, said: “Anyone who lives, works, or even has visited Edinburgh knows it has a huge amount to offer people both personally and professionally – our report captures that in its findings.
“The city has a long academic tradition and its research institutions have provided a great base for a thriving tech community that has grown exponentially over the past decade.
“That said, there are plenty of places where tech start-ups could choose to establish themselves; but what has continually set Edinburgh apart – particularly in recent years – is the quality of life its residents enjoy.”
He added: “The city is an attractive destination for businesses, both new and well-established, as well as an increasingly sought-after target for investment in its real estate and infrastructure.”