Investment News | 26 February 2020

FT recognises FDI

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Derby has been named third best small European city 2020/21 for Foreign Direct Investment (FDI) strategy in the prestigious Financial Times' fDi European Cities and Regions of the Future 2020/21 rankings.

Derby is one of only two UK cities to make the top ten, behind Reykjavik, Iceland and Debrechen, Hungary, having competed with cities across Europe.

Marketing Derby's FDI strategy is heavily influenced by Derby's global facing economy with industry giants, includin Rolls-Royce, Bombardier and Toyota UK, and their extensive supply chains, based here.

Last year, the organisation held its first Embassy in China attended by 250 guests.

John Forkin, Managing Director of Marketing Derby commented: “This recognition showcases Derby as a truly global business city. With a highly skilled workforce, investment in infrastructure and public-private partnerships, which support new businesses and investors into the city, Derby is an attractive proposition for foreign direct investment.”

The investment promotion agency works closely on FDI campaigns with partners such as Derby City Council and Derbyshire County Council and plays a key role in contributing to Midlands Engine activities together with the Department for International Trade.

fDi Intelligence is a service from the Financial Times and is the largest Foreign Direct Investment centre of excellence globally, and the rankings are one of the industry's most prominent benchmarks of FDI competitiveness.

The city will be presented with the award at a ceremony to be held at the global property fair, MIPIM in Cannes in March with Deputy Leader of Derby City Council, Matthew Holmes and Chairman of Marketing Derby, Bob Betts collecting the award on behalf of the city.


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