Edinburgh is a thriving and metropolitan city with a diverse economy and wide range of investment opportunities. The city is not only an important driver for the Scottish economy, but also the UK as a whole. It is a prosperous city, with Gross Value Added (GVA) sitting at around £37,000 per head, and an average income of £29,450 in 2016. Residents here have more disposable income than those in any other major UK city. Edinburgh also has the third best survival rate of new businesses in the country.
If your business is looking to take advantage of the wide range of opportunities available throughout Edinburgh, it's extremely useful to know how the local economy is currently performing. With this in mind, we've created the following list featuring the companies that are turning over the most revenues in the city. Take a look at the results below to see which business types are the biggest players in Edinburgh right now.
MoreEdinburgh has a truly diverse economy. The finance sector is incredibly important to the city, having been a financial hub for 300 years. It remains the second largest centre for finance in the UK, after London, and fourth in Europe. The digital and tech sectors are also thriving; around 17,130 people work in digital businesses, and the city's universities are an important source of innovation and development, as well as providing a highly-skilled workforce.
Edinburgh is known for its arts and cultural scene, and this has been a big contributor to the economy. In 2015 the city's twelve festivals provided a total of £280 million. The city's airport is another big revenue generator, contributing almost £1 billion to the Scottish economy each year.
