Mayor of Galway City, Cllr Pádraig Conneelly and City Manager Brendan McGrath travelled to France last week to receive Galway’sfDi Magazine ‘Best Overall Micro City in Europe’ award at the the fDiEuropean Cities & Regions of the Future 2014/15 awards ceremony held in Cannes.
The award was presented after a study of the most promising investment locations in Europe was carried out by fDi Magazine – a Financial Times publication – which found Galway City to be Best Overall Micro City in Europe. The study also found that Galway was Europe’s second best ‘Micro City for economic potential’ and third best ‘Micro City in business friendliness’.
Galway City was also the only micro city to be listed in the Top 25 overall European Cities of the Future.
Brendan McGrath, Galway City Manager, welcomed the awards and the categorisation of Galwaywithin the Top 25 Cities of Europe as a significant endorsement of Galway City and its potential to lead the west of Ireland as a place for investment and economic development.
“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 and the west of Ireland region,” said Mr McGrath.
“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,” he added.
Adding to this, Liam Hanrahan, Economic Development Unit, Galway City Council explained that the survey had examined data that 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 data from the survey and the awards will be used to promote and market the city – both by the city council and by the IDA. The data will also be a valuable source of information for the development of a new Galway Economic Strategy & Action Plan to be developed in 2014 and will be a support for Galway as it strives to become the European Capital of Culture 2020,” he added.