Scottish cities rise in Global Financial Centres Index

Scotland’s two largest cities have improved their position in the latest edition of the internationally recognised Z-Yen Global Financial Centres Index

Edinburgh has moved up four places to #29, reclaiming its position in the top 30, while Glasgow has moved up five places to #37.

Commenting on the news, Sandy Begbie CBE, Chief Executive, Scottish Financial Enterprise, said:

“Scotland’s financial services industry boats depth and breadth across every sub-sector, a strong record on innovation, access to talent, and expertise in key areas like green and sustainable finance, AI, and asset management.  

“The latest GFCI ratings shows that we continue to enhance our global reputation around these key strengths.  

“Our sector growth strategy sets out our plan for Edinburgh and Glasgow to continue improving their position in the index, helping them compete with the world’s leading financial centres.

“Today’s news, coupled with recent figures from TheCityUK which show the sector is now worth £14.8bn, or 10% of Scotland’s economy, show we are heading in the right direction.

“There is no room for complacency, and we will continue to work with the Scottish and UK governments to make the case for a more competitive business environment so that we can continue to develop our status as a leading financial centre, attracting inward investment and creating high value jobs.”

Read the index in full here: https://www.longfinance.net/media/documents/GFCI_36_Report_2024.09.24_v1.0.pdf