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FDISTRATEGYAWARDS 2020


“GREATER MONTRÉAL IS EXTREMELY PRIVILEGED TO BE ABLE TO COUNT ON MONTRÉAL INTERNATIONAL AND ITS TEAM, ESSENTIAL ALLIES WHO, DESPITE THE PANDEMIC, HAVE MANAGED TO STAY THE COURSE AND HAVE HELPED ENSURE ITS ECONOMIC VITALITY AND INTERNATIONAL


REPUTATION” Valérie Plante, mayor, Montréal


Runner-up Invest Glasgow Invest Glasgowhas comein as runner-up in fDi’s Strategy Awards 2020. Glasgow has a clear strategic vision to become the UK’s best performing city for inward investment by 2023. To achieve this, the city has a strong list of incentives that would impress any prospective investor. Glasgow’s economic strategy is


underpinned by the triple helix approach, fostering collaboration between industry, academia and the public sector. It has a range of unique elements to attract investors, such as the city’s three ‘Innovation Districts’, designed to nurture clusters of growth and utilise advanced technologies. The city also offers a robust range of tradi- tional incentives, such as research and development grants and tax benefits for commercialising UK/EU patents. Glasgow has a specific digital strat-


egy which includes the ‘Tontine Accelerator’ — an accelerator pro- gramme which provides workspaces for businesses in the enabling technology, advanced design and manufacturing, and creative economy sectors. Investors will also be attracted to the city’s inspir- ing environmental sustainability focus, with the Glasgow City Council pledging to becomethe UK’s first net zero city.


Bestaftercarestrategy NRW.Global Business North Rhine-Westphalia’s IPA, NRW. Global Business, has won the top billing for best aftercare strategy. NRW.Global Business describes aftercare as a central component of their work, and this is cer- tainly evident in their aftercare strategy. The IPA takes part in visits to foreign


investor’s locations, in order to establish good communication and exchange information on the investor’s satisfac- tion. This also helps assess if any addi- tional support is required. The IPA’s for- eign representative offices are in charge of regularly contacting and visiting the headquarters of key investors. This per- sonal approach to aftercare is continued throughaftercare events, includingNew Year’s receptions, business breakfasts and annual meetings. NRW.Global Business also runs a yearly award event with over 500 public and private repre- sentatives present. The value that NRW.Global Business


places on its resident investors is clear, and is a fantastic example of a strong aftercare strategy.


Runner-up Montréal International Montréal International has caught the


44


attention of the judges with their hands- on approach to aftercare. The agency has reported an impressive 460 visits to sub- sidiaries in 2019, offering further coun- selling to support growth and success. This allows Montréal International to keep in touch with companies’ needs and provide protracted guidance, strate- gic advice and other expertise. The IPA also invited subsidiary repre-


sentatives to networking events and lunches, facilitating connections and fostering group learning and shared experiences. Montréal International is proactive


about solving issues related to the loca- tion’s attractiveness for investors. For example, Montréal International has succeeded in lobbying the government to maintain a crucial fast-trackimmigra- tion programme to ease the concerns of current investors.


Besteconomicrecoverypotential London&Partners London&Partners haswonthe top prize for economic recovery potential. London’s diverse array of high-growth sectors has positioned the city for a strong recovery after the Covid-19 pan- demic. The city benefits frombeing part of the ‘GoldenTriangle’ (withCambridge and Oxford), which contains a fifth of the top 25 universities for life sciences andmedicine globally. London is at the forefront of


research and development in this sec- tor, with facilities such as the London Cancer Hub and the Dementia Research Institute. As many countries look to a Green Recovery after Covid-19, London looks set to capitalise on this through its Cleantech sector. London’s low-car- bon goods and services sector has grown by more than 9% over the past two years and is expected to continue to grow at more than 7% to 2021/22. The city will also benefit from the


growing interest in pandemic-proof companies, which will entail more auto- mation to reduce human involvement. London is home to 758 AI companies and will certainly be able to benefit from this increase in demand.


Runner-up Montréal International Covid-19 has accelerated many of the trends of the past decades, and has cer- tainly accelerated the move towards an increasingly digital future. Montréal is well equipped for this transition, as Greater Montréal offers the highest con- centration of tech sector jobs in any Canadian city, and has the fifth highest tech jobs concentration among the


www.fDiIntelligence.com December 2020/January 2021


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