Financial

Galway City named as Europe’s Micro City of the year by the Financial Times

The Financial Times has recently named Galway city as Europe’s Micro City of the year. The publication also ranked Galway City as the Best Overall Micro City in Europe, 2nd place as Best Micro City for economic potential and 2nd place Micro City for economic potential and third best Micro City in business friendliness.

The data for the award was collected from 468 locations, both cities and regions, in five categories: Economic Potential, Human Capital and Lifestyle, Cost Effectiveness, Infrastructure and Business Friendliness.

The city is also the only micro city to be listed in the Top 25 overall European Cities of the Future which was a welcome award for Galway City Manager Brendan McGrath. He believes that the award is a significant endorsement the city and its potential to lead the west of Ireland as a place for investment and economic development in the future.

Mr. McGrath added “the City Council would have to be seen to lead Galway City as a major city to attract foreign direct investment and that the staff of the Council would work with the IDA to support investment-led visits to Galway City & the west of Ireland region. If we don’t take on this role, and ensure that Galway City gets its share of FDI visits and market the city internationally as a city of economic potential, then we can’t expect support from other agencies of the state.”

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