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16 March, 2022 - 16:42 By Tony Quested

Cambridge named Europe’s most enterprising city

Cambridge has been named as Europe’s most enterprising city – beating London, Paris and other major commercial centres to top spot. Its nearest rival is the Estonian capital Tallinn.

The accolade comes courtesy of takepayments limited, the digital payments specialist.

The new Enterprising Cities Index by takepayments ranks European cities based on a range of five factors relating to enterprise opportunity and growth. They are:-

  • Number of start-up procedures required to start a business – UN Data, The World Bank
  • Number of days required to start a business – UN Data, The World Bank
  • New businesses registered – UN Data, The World Bank
  • Percentage growth in interest in starting a business on Google – Google data
  • Economic freedom index score 2022 (national level) – Heritage

Sandra Rowley at takepayments limited said: “After challenging times, it’s common to see an increase in entrepreneurial spirit, innovation, and enterprise growth.

“This is why we created this list, revealing which cities are expected to be the most enterprising in the months ahead. It’s interesting to see break-out cities such as Cambridge top the list above their capital city counterparts.”

The report further says of Cambridge: “Topping our index, Cambridge was revealed as the most enterprising city in Europe. The city saw high scores across all five categories, never falling outside of the top 9. 

“Cambridge saw a 40 per cent increase in the number of people searching for advice on how to start a business over the past year, the second-highest increase on our list.

“The city has excellent links to London and a world-class university, making it a prime location for enterprising businesses.”

The top ten according to takepayments:

  1. Cambridge
  2. Tallinn
  3. Warsaw 
  4. Athens
  5. Amsterdam
  6. Copenhagen
  7. London
  8. Valletta
  9. Ljubljana
  10. Paris

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