Menu visibility control

Video

Events

Startup Surgery

Most Recent

Tech City Voices

Spring Budget 2017: The key takeaways for tech entrepreneurs

News

Top tech stats: Job automation, driverless cars and much more

News

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more

Press Releases

Starling Bank unveils beta as it begins roll out to first customers
VentureFounders surpasses £40m funding mark in 2 years of operation
Software testing leader TestPlant appoints Dr. John Bates as CEO

London tops PwC Cities of Opportunity Index

Londonontop
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

London has finished top of PwC’s Cities of Opportunity index for the first time.

The index analyses the top 30 capitals of finance, commerce and culture and is in its sixth year.

London finished top of several indicators covered by the index, including world university rankings, software development and multimedia design’ and relocation attractiveness.

Startup Weekly: PwC Future of Work cohort, Friends of the Earth startup residency & more

Leader in Tech

According to the report:

The British Capital finishes first in technology readiness, economic clout and city gateway – all measures of its stature as a thriving centre of the world economy.

The title of economic powerhouse is nothing new to London, but its leading position in tech shows just how far London has come.

Tied with Seoul for top spot in tech, London finishes ahead of Stockholm in third, New York in fifth and San Francisco in sixth.

Technology readiness and economic clout in London go increasingly hand in hand. An Accenture report in March named London the fintech capital of Europe.

Nobody’s perfect

London does not get 10s across the board.

We finish only sixth in quality of life. The cost of public transport and the level of major construction in the city playing a substantial role is bringing our score down.

The cost of living and establishing a business in London was a recurring theme, though with all the upsides to being in London, the city evidently had enough to clinch top spot.

In a statement, David Snell, partner at PwC, wrote:

No city is perfect. But the trick is for London, like many of the top cities, to be very good at a lot of things.

We’re building and earning a digital reputation, while still holding our number one status as a world-leading financial centre. It’s not an either/or situation.

Snell warns however that London cannot rest on its laurels. The city needs to continue to grow and develop if it wishes to retain top spot next year.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Big Ben Spring Budget 2017

Spring Budget 2017: The key takeaways for tech entrepreneurs
posted 16 hours ago

jobs automation top tech stats

Top tech stats: Job automation, driverless cars and much more
posted on March 25, 2017

Startup Weekly

Startup Weekly: Nesta’s £5m prize fund, Digital Catapult and Seedcamp’s VR cohort and much more
posted on March 24, 2017

London skyline

FinTech startup Quantexa lands $3.3m Series A led by Albion Ventures and HSBC
posted on March 24, 2017

The North of England

The top tech hubs in the North of England
posted on March 24, 2017

TWIT Emily 23.03.17

A $30.4m Series B, a £120m AI fund, a Mario Kart hack and more in The Week in Tech
posted on March 24, 2017