14 Sep Lisbon voted best city to work and live in by the BBC
The BBC highlights the efforts made to attract entrepreneurs to Lisbon and the support given to start-ups.
According to the BBC, the efforts made by Lisbon Municipal Council in the last three years helped earn the city the title of European Entrepreneurial Region of the Year for 2015, with support for start-ups and the city itself renovated, including a facelift for buildings that has led to new shops and has encouraged workers to return to Lisbon.
“The change has been dramatic,” said Rui Coelho, executive director of InvestLisboa, Lisbon’s investment promotion agency, talking to the BBC. “We saw all-time record investment in real estate, tourism and entrepreneurship in 2015. This is fantastic. However, we’re not complacent. Unemployment is still very high and regarding rehabilitation of the city centre there is still a lot to be done.”
Another example cited by the BBC is Startup Lisboa, founded in 2011, which has helped to create more than 250 companies. Around 30% of new entrepreneurs are foreigners. “Because of technological evolution, talented people can work and live anywhere so they choose a nice place to live and for sure Lisbon is one of these places,” said Rui Coelho. The most common start-ups are in the areas of tourism, creative industries and technology.
The BBC also points out the merits of the city’s location on the Atlantic coast, the 220 days of sunshine a year, the fact English is widely spoken, and the advantage of the running costs for businesses (rents and staff) being relatively low compared to other European capitals.
Source: Sapo 24