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Newbury named a European City of the Future

Town features in European-wide top-25 list

Nebwury - aerial view

Newbury is named as one of the top European Cities of the Future in a new report by the Financial Times.

The town is in the top-ten Northern European Cities of the Future and also features in the top-25 for the whole of Europe. The Financial Times looks at a range of characteristics including economic potential, business friendliness, human capital and lifestyle, cost-effectiveness and connectivity.

Speaking about the report Councillor Lynne Doherty, Leader of West Berkshire Council, said:

"This is a real vote of confidence in Newbury and West Berkshire and all that we have to offer. We're proud of our district and pleased its future potential has been recognised in this report. The district is already a great place to live, work and visit and at West Berkshire Council we will be playing a leading role in the coming years to make it even better still."

In a boost to the Council's priority to be 'open for business' Newbury is also named in the top-ten Micro European Cities of the Future for business friendliness. At fifth, it is the highest-ranking place in the UK. It comes at a time when the Council is set to adopt a new Economic Development Strategy for the coming years and as planning gets underway for the redevelopment of the London Road Industrial Road Industrial Estate.

There was also good news for the Thames Valley Berkshire Local Enterprise Partnership - which aims to drive economic growth in the region. It came second in a national ranking of Local Enterprise Partnerships. The report highlighted one Newbury-based example - of Portugal-based telecommunications firm Celfinet which expanded its Newbury office creating 50 jobs and a £3m investment in the area.

Councillor Hilary Cole, Executive Member for Development and Planning said:

"I'm delighted but not surprised that our business potential has been recognised. We are a great place to start and grow a business with good links regionally and nationally, good infrastructure and with great communities for employees and families to live in. I have real confidence in our local economy and all it has to offer for the future."

The report can be read here: fDI European Cities and Regions of the Future 2020/21