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11/12/2013 17:24 www.linkedin.com/companies/invest-edinburgh www.twitter.com/investedinburgh www.investinedinburgh.com t +44 (0)131 529 6600 529 (0)131 +44 t Invest Edinburgh Invest INSPIRING CaPItal, aN awaRD wINNING CIty EDINBURGH Investor Support Pack Scan the cover for a virtual introduction to Edinburgh your next move www.investinedinburgh.com 5617 CEC OuterPack-International-AW.indd 1 Edinburgh is a world leader in science, business, education and the arts; Introduction it is the economic, political and cultural heart of Scotland. Edinburgh, the capital of Scotland, is a European centre of commerce, culture and knowledge. The city benefits from one of the UK’s most highly-educated and productive workforces, while an unrivalled quality of life makes the city a magnet for international talent and tourists alike. Excellent transport links by air, land and sea connect Edinburgh with key global markets. Multi-national companies and organisations with their global headquarters in Edinburgh are supported by an established network of professional services firms. The city is a location of choice for research and development and other knowledge-intensive activities, with the world-renowned University of Edinburgh and five other universities and colleges producing a steady flow of graduates, intellectual property and spin-out companies. www.investinedinburgh.com VIEW FROM ARTHUR’S SEAT Contents Key Sectors Doing Business World Class Talent Education The City of Edinburgh Council offers a dedicated Information on the city’s Business costs, The city’s highly skilled Schools and day-care support service for investors moving into the city. key business sectors immigration laws and tax workforce, higher Support Services This pack gives an introduction to Edinburgh and education institutes Locating in Edinburgh Connectivity The support services provides information and advice to make the move and R&D presence Commercial property and Edinburgh’s international available to investors as simple as possible. The pack covers: services to support your links, local transport Living in Edinburgh Capital Facts relocation network and Housing, healthcare, cost Killer facts about telecommunications of living and quality of life Edinburgh city Key data Jobs in Edinburgh by sector (2011) Construction 9,000 Total 302,100 Indicator Number Date Source Manufacturing 7,300 Transport and storage 10,200 Primary industries 3,300 Population (Edinburgh) 495,360 2011 General Register Office for Scotland Information and Public administration, Population 1.63 million 2011 General Register Office for Scotland communication 12,400 education, health 93,200 (Edinburgh City Region) Other service and household activities 15,500 Population (Scotland) 5.25 million 2011 General Register Office for Scotland Hospitality 26,800 Households 221,954 2011 General Register Office for Scotland Working age population 355,767 2011 General Register Office for Scotland Average annual wage of £24,700 2011 Office for National Statistics Financial services 34,600 workers Business services 53,400 Average annual disposable £17,300 2010 Office for National Statistics income Wholesale and retail 36,400 Annual output per worker £57,600 2011 Office for National Statistics 5-9 (2,060) Average annual office rent £290 per m2 2012 Ryden Businesses in Edinburgh by employee size band (2011) Average residential property £217,500 2011 Registers of Scotland Total 14,900 10-19 (1,085) selling price Annual airport passengers 9.4 million 2011 Civil Aviation Authority 20-49 (490) 0-4 (10,875) Annual rail passengers 23.7 million 2011 Office of Rail Regulation 50-99 (170) 100-249 (115) Annual tourist visits 3.7 million 2011 VisitScotland 250+ (105) Annual tourist expenditure £1.2 billion 2011 VisitScotland Source: Office for National Statistics Key Sectors Financial Services Edinburgh is the UK’s largest financial centre outside of London and a major European centre for asset management and servicing, with over £500 billion of funds under management. Edinburgh’s financial services sector is extremely diverse with additional strengths across banking, life insurance and pensions. The city employs 35,000 people and is home to two of the world’s top 150 financial services companies (Forbes 2012). Financial services companies headquartered Multinationals with a significant in the city include: presence in Edinburgh include: www.investinedinburgh.com ATRIA EDINBURGH Renewable Energy Life Sciences think creative � think edinburgh Edinburgh’s creative Edinburgh is at the forefront of Scotland’s renewable Edinburgh’s universities are global centres of community combines talent energy sector. The city region has expertise in excellence in disciplines including stem cell research, and ambition to shape some developing and bringing to market new renewable cardiovascular medicine, genetics, inflammation and of the world’s most innovative technologies and existing strengths in engineering animal bioscience. The city is home to world-leading ideas. http://goo.gl/Yhi5b and conventional energy including a rich skills base. companies Charles River, GSK, Johnson & Johnson, digital/tEchnology/Film/tv/radio/advErtising/Pr/dEsign/architEcturE Your guide to the best of Edinburgh’s creative community, where talent and ambition combine to shape some of the world’s most innovative ideas. aWard Winning McFarlan Smith and Aviagen. bEst laRgE EuRopEan city oF thE FutuRE – Financial tiMEs fdi MagazinE The world’s first Green Investment Bank has been uk’s bEst city (13th yEaR Running) – guaRdian/obsERvER poll Scan this cover FiRst unEsco city oF litERatuRE for a virtual visit established in Edinburgh to provide the necessary High-profile innovations capital to bring large-scale, ambitious green projects Tourism to fruition. such as the cloning of Dolly the Sheep, the Edinburgh City Region is a major tourism centre in Business activities undertaken by the sector creation of the first the UK and gateway to the rest of Scotland. With an in Edinburgh include head office functions and genetically engineered award-winning reputation as one of the most attractive research and development. vaccine for Hepatitis B and destinations in the world, the city offers an ideal mix Based on planned the development of the first powered bionic finger of retail, culture, music, heritage and leisure facilities. developments in the Firth have contributed to a strong international profile. Visitors to Edinburgh spend over £1 billion per year. of Forth, the Edinburgh City There is an ongoing requirement for additional The Edinburgh Science Triangle is a dynamic Region could potentially visitor accommodation in the city, with occupancy collaboration of eight science and research locations rates in the peak summer months amongst the have over 10% of Europe’s within 30 minutes of each other, located close to highest in Europe. Growth in the tourism sector offshore wind installed Edinburgh city centre. Among these is the Edinburgh means that around 900 new hotel rooms will be capacity by 2020. BioQuarter, a landmark UK life sciences real needed every year up to 2021. Opportunities exist estate development, which co-locates academics, A number of renewable energy companies across the city centre and at the city’s airport. headquartered in Edinburgh have penetrated clinicians and the private sector and promotes collaboration between academia and business. For development opportunities please global markets. Several of the world’s leading visit the Edinburgh Hotel Prospectus at renewable energy companies have a presence in Creative Industries www.investinedinburgh.com Edinburgh including REpower, Enercon, Areva, EDP Edinburgh is a major UK hub for the creative industries. Renewables, Vattenfall and Repsol. Edinburgh is The sector encompasses advertising, architecture, UK’S BEST CITY also home to two leading wave power companies art and design, computer and video games, crafts, (13TH CONSECUTIVE – Aquamarine Power and Pelamis Wave Power. YEAR) – GUARDIAN/ designer fashion, film and video, music, the performing OBSERVER POLL Sectoral innovations that have taken place in Edinburgh arts, publishing, software and broadcasting. include the wave power generator used in the world’s The city is home to leading creative companies EUROPE’S LEADING first commercial wave farm; the world’s first silent, DESTINATION – WORLD including Skyscanner, one of Europe’s fastest-growing building-mountable wind turbine; and the world’s largest TRAVEL AWARDS 2012 technology firms, and Rockstar North, the developer operational hydro-electric wave energy converter. behind the multi-award winning, bestselling Grand UNESCO WORLD HERITAGE SITE Theft Auto videogame franchise. The City of Edinburgh Council supports businesses, property investors and developers seeking to capitalise on the Locating opportunities presented by one of Europe’s most inspiring cities. in Edinburgh Opportunities exist to shape the future of more than 2,400 hectares of prime real estate spread across four key development zones. Our dedicated team can provide easy access to a wide range of commercial property experts, access to up-to-date information on local labour markets as well as fast track guidance on all aspects of local planning. OFFICE: Average annual office rents in RETAIL: Average annual retail rents in European cities (2012) European cities (2012) Stockholm Zurich €536 €7,836 Oslo Dublin €460 €4,848 Zurich Frankfurt am Main €403 €3,600 Frankfurt am Main Copenhagen €360 €2,688 Edinburgh Edinburgh €277 €2,436 Helsinki