Business quarters starring in new growth plan

The City of Copenhagen plans to focus on a number of city districts to attract businesses. This appears from the municipality’s two-year action plan for business and growth policy. The plan places the innovation district “Copenhagen Science City” strongly on the municipal maps and confirms the vital role that well-functioning urban environments have for modern enterprises with settlement plans.

Innovation districts pivotal in attracting foreign talent and investment

In the new plan, there is a clear focus on attracting specifically foreign companies and foreign labor. International studies show that innovation districts such as Copenhagen Science City are important for both groups. For talented workers, because innovation districts are visible evidence that the city takes innovation seriously and for businesses, because recruitment of the right labor becomes easier when academia and businesses are co-located.

“Copenhagen needs to become an even more attractive city to operate in. This will bring more growth and new jobs to Copenhagen and the Greater Copenhagen area. The many business initiatives in the business plan will create a good framework for business and improve service for companies, says Lord Mayor Frank Jensen in a statement.

Five districts with personality

The development of commercial services is one of eleven so-called “lighthouse initiatives”. The City of Copenhagen will work with companies, knowledge institutions and other partners to develop the districts Copenhagen Science City, Sydhavnen, Kødbyen, Ørestad and Amager Øst, to make them more attractive for companies to locate in. Each of the five districts has its own profile, and each must be supported by, for example, the creation of incubator environments, innovation projects between companies and knowledge institutions, the development of urban spaces and urban life in the district.

Massive talent pool. Great location

Copenhagen Science City is centered around the address “Universitetsparken” just a kilometer away from the historical city centre of Danish Capital Copenhagen. A string of artificial lakes, a major park and a vibrant urban area borders CSC. Thanks to the presence of the University of Copenhagen, The University Hospital “Rigshospitalet” and the Metropolitan University College, it holds one of Europe’s largest concentrations of education, basic research, and applied research in medicine, health sciences and science, including information and communication technology. The area also houses about 200 small and medium-sized enterprises in high technology and health.

The new action plan was adopted by the Copenhagen City Economic Committee on 18 April 2017. Find the action plan here (In Danish)