London is the best EU city for digital start-ups and scale-ups

New European Digital City Index claims the capital "has more of what matters" to digital businesses

London is the best city in Europe for digital entrepreneurs – be it start-ups or scale-ups – according to a new index launched by Nesta today.

The European Digital City Index looks to measure what digital businesses say is important to them and ranks the EU’s capital cities against 10 criteria including digital infrastructure, skills availability and culture.

London scored the highest overall for start-ups and scale-ups and was also ranked highest for access to investment, entrepreneurial culture and “knowledge spillovers” yet had the lowest score for lifestyle; standard and cost of living.

For the best cities for digital start-ups, Amsterdam ranked in second place followed by Stockholm, Helsinki and Copenhagen.

For digital scale-ups, Stockholm was named in second place with Amsterdam listed as the third best EU city.

Alongside London, other UK cities that feature on the list include Cambridge and Oxford which appear 11th and 13th respectively for startups and scale-ups.

Ranking
Startups
Scale-ups
1
London
London
2
Amsterdam
Stockholm
3
Stockholm
Amsterdam
4
Helsinki
Helsinki
5
Copenhagen
Copenhagen
6
Paris
Paris
7
Berlin
Brussels
8
Dublin
Dublin
9
Brussels
Berlin
10
Munich
Munich

Chris Haley, Nesta’s head of startups and new technology research, said: “Entrepreneurship, particularly digital entrepreneurship, is vitally important for innovation and growth but not all cities provide equally fertile ground for these businesses.

“Our research indicates that location does matter, and illustrates the ways in which top cities create a supportive environment and where lessons can be learnt.”

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