Hemel Hempstead in Hertfordshire features twice in the latest fDi’s European Cities and Regions of the Future 2018/19 ranking.
In the influential report Hemel Hempstead have been awarded:
- Top 10 in small cities for connectivity – 6th place
- Top 10 in small cities for business friendliness – 7th place
To create a shortlist for fDi European Cities and Regions of the Future 2018/19, the fDi Intelligence division of the Financial Times collected data using the specialist online FDI tools – fDi Benchmark and fDi Markets as well as other sources. Data was collected for 489 locations (301 cities, 150 regions and 38 LEPs) under five categories: Economic Potential, Labour Environment, Cost Effectiveness, Infrastructure and Business Friendliness. Locations scored up to a maximum of 10 points for each data point, which were weighted by importance to the FDI decision-making process in order to compile the subcategory rankings as well as the overall ‘European Cities and Regions of the Future 2018/19’ ranking.
In addition, surveys were collected under a sixth category, FDI Strategy, for which there were 146 submissions. In this category, locations submitted details about their strategy for promoting FDI, which was then scored by fDi’s judging panel.
In a departure from the methodology of recent rankings, bonus points were awarded to locations ranking in the top 10 for FDI Strategy within their population brackets. The highest ranking location was awarded an extra one point, on a sliding scale to 10th position, which was awarded an additional 0.1 point. Bonus points contributed to the scores for the overall results tables, but not the five categories mentioned above.
The full report is to be published in the February/March issue of fDi Magazine, which has special distribution at MIPIM in Cannes.
About fDi Magazine
fDi Magazine (www.fDiIntelligence.com) is a specialist publication which reports on crossborder investment and is read by senior-level executives at multinational corporations and others involved in corporate greenfield site-selection decisions. A bi-monthly publication, fDi Magazine is part of the fDi Intelligence division of the Financial Times.