Why Glasgow Is the Business Capital of Scotland

Edinburgh is the capital of Scotland, but it is not the business center for the country. Glasgow is the third largest metropolis in the United Kingdom and the largest city in Scotland. Glasgow and the outer lying suburbs are home to 2.3 million people, which is more than 40% of the entire population of the country.

Growth through History Influences Today’s Economy

Population alone is one reason why Glasgow is the business center for Scotland, but the reason so many people reside in the vicinity is because the industry and infrastructure were established a long time ago.

As early as the 15th century, Glasgow became noted for learning with the University of Glasgow’s arrival. By the 18th century, it became one of Britain’s primary ports for transatlantic trade with the West Indies and North America.

When the Industrial Revolution exploded, Glasgow became a world leader in the construction of heavy engineering equipment. Many of the famous ships in history were manufactured at Glasgow’s shipyards, which produced about half of Britain’s ships.

At the same time, more than 1/4 of all the locomotives in the world were built in Glasgow. During the Victorian era, Glasgow was second only to London in the British Empire as far as industry was concerned.

A Modern Day Leader

Glasgow continues today as a member of the top twenty financial centers in Europe. That has drawn many businesses to establish their headquarters in the general area. At the same time, the city has continued to be considered one of the most livable cities in the entire world.

A decline in the city took place following the Second World War, but Glasgow resurged in the 1980s and became known as the European center for finance and business services. Tourism increased and local people and businesses began to invest more in the city.

Urban redevelopment continued into the 1990s as well as diversification of the city’s economy. Affluent people moved into the downtown areas as they were upgraded through the years.

Another reason why businesses want to locate in Glasgow is because it is rated as one of the top 50 safest cities on the planet and because it is one of the top 10 tourist areas. During difficult economic times, the employment rate in Glasgow has maintained a higher number than Manchester, Birmingham, and Liverpool.

Location and planned development keep Glasgow as a business leader for not only Europe, but for the entire world.