All eyes will now be on London to see what the next few years bring.The Pilot Cities Guidebook is a resource to be published to provide support and guidance to cities intending to apply to the NZC Pilot Cities programme. With the UK having left the EU on January 31, 2020, and a withdrawal deal in place that provides for a transition period until December 31, 2020, some light has finally been shed for both future investors and other locations seeking to close the gap on the UK's investment hub status. In addition,, a global hosting provider and subsidiary of Luxembourg-based XBT Holding, opened a new data centre in the capital in May 2019 to address any data sovereignty fears among the company's client base following Brexit. In September 2018, Switzerland-based law firm Lalive announced it will be setting up an office in London in preparation for the increased need for dispute resolution legal services as a result of Brexit. On the other hand, Brexit has incentivised some companies to invest in the UK. In addition, firms such as Barclays, Goldman Sachs and Bank of America have been preparing for the worst-case Brexit scenario by building offices in cities including Dublin, Paris and Frankfurt.
In January 2020, JPMorgan Chase & Co announced plans to expand in Paris – whose surrounding region retains the fDi's European Region of the Future crown – buying the former BNP Paribas offices to house as many as 450 staff. In the financial sector, many companies are opting to move or expand away from London.
fDi’s European Cities of the Future 2020/21 – London maintains European pre-eminence.
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