Dublin one of the top five European cities of the future in 2022 reportLeigh Mc Gowranon February 17, 2022 at 15:43 Silicon RepublicSilicon Republic

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Dublin has once again been ranked as one of the top European cities of the future, according to a report published today (17 February) by FDI Intelligence, which is part of the Financial Times portfolio.

356 European cities were assessed and grouped by population size into five categories: major, large, mid-sized, small and micro. 148 European regions were also assessed based on small, mid-sized and large categories.

The report, called European Cities and Regions of the Future 2022/23, looks at the most promising investment destinations across Europe in a number of categories.

Dublin was fourth overall among major European cities, behind London, Amsterdam and Paris. It also came third in the business potential and economic potential categories. London was ranked first in all categories except for cost effectiveness, where it wasn’t on the top 10 list.

In the 2021 and 2020 Tech Cities of the Future reports, Dublin was ranked third overall behind London and Paris.

Commenting on the results, FDI Intelligence said: “While London confirmed its investment appeal, competition from peers across the continent has intensified as the likes of Amsterdam, Dublin, Paris and Frankfurt were successful in intercepting some of the companies that relocated from the UK in the wake of Brexit.”

How other Irish cities and regions fared

Meanwhile, the Dublin region held the highest spot among European regions with fewer than 1.5m people, overall, in economic potential and in business friendliness. The report said the Dublin region had the largest inward foreign direct investment in this category, with 672 projects recorded between October 2016 and September 2021.

“Dublin City Council has and will continue to pay a key role supporting the city particularly as the economy and society begins to reopen,” Dublin City Council chief executive Owen Keegan said.

Cork reached the top of the list among small European cities in terms of economic potential, while ranking second overall. Belfast scored 10th in the overall mid-sized city ranking.

Ireland saw a lot of success in the micro cities ranking, with Shannon, Limerick and Galway all ranking in the top five spots overall. Dundalk ranked ninth overall, while Athlone came ninth in the economic potential section.

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