Skip to main content

Basel still the most attractive small city for business in Europe

| News

Basel still the most attractive small city for business in Europe


As with last year, Basel once again features among the most attractive locations in Europe for investments. It was ranked highly in the categories of economic potential, human capital and lifestyle, and connectivity. The Basel Area came in second place out of the small European regions category.

Basel has been ranked first in the category of small cities with 100,000 to 350,000 inhabitants in the European Cities and Regions of the Future 2023 review, as it was last year as well. Cork in Ireland came in second place, followed by Reading, England. fDi, which is part of the Financial Times, uses this ranking to assess the most attractive locations for foreign direct investments. Information was collected and assessed for a total of 549 locations in five different categories: economic potential, human capital and lifestyle, cost effectiveness, connectivity, and business friendliness.

According to the report, as before, biotechnology is a driving force behind foreign direct investments in Basel. The city is a key player in Europe’s BioValley, the life sciences cluster stretching from Basel to neighbouring Germany and France.

Basel ranked second in the subcategory of economic potential, the same as the previous year, and ranked fifth for human capital and lifestyle (previous year: rank 4). This year, Basel entered the top ten for the category of connectivity for the first time, coming in ninth place.

Basel Area second best small region in Europe

Besides these five categories, which are assigned purely by data, there is a sixth category involving surveys: FDI (foreign direct investment) strategy. For this purely qualitative category, 89 locations provided details on their strategy to promote foreign direct investments, which were then assessed by fDi’s jury. As with last year, Basel Area came in second place in the category “Small European Regions of the Future 2023”, behind Ireland South-East.

The CEO of the location and innovation promotion agency Basel Area Business & Innovation, Christof Klöpper, commented: “We foster the strengths of the Basel Area and are increasingly successful with our approach, as our fabulous results in the fDi ranking confirm.” He added that companies find the Basel Area to be a dynamic ecosystem and are always amazed by the collaborative mindset that is cultivated. He went on to say: “The Basel Area has attracted new players and exceptional talent – it’s a healthy circle we plan to spin even further.”

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

Celebrating six months of innovation: i4Challenge accelerator New Ideas 2022/2023

On the 5th of July 2023, the 3rd iteration of the i4Challenge accelerator program New Ideas came to its conclusion....
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

Paradigm shift in pain management

Pain is a crucial sensation for survival, but it can also drive us to depression and long-term suffering if not...
Read More

BOOM Summit in Basel accelerates health technology

The BOOM Summit at Messe Basel in April 2024 will be a completely new kind of healthcare conference. The first...
Read More

Investors stump up 3.7 million Swiss francs in Onena Medicines

Onena Medicines has secured an investment of 3.7 million Swiss francs. The portfolio company of the biotech startup incubator BaseLaunch...
Read More

Do you have a question? We'd like to hear from you.