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04 April 2017

City AM: Frankfurt lobby group expects thousands to move there as interest in the German city rises as a result of Brexit


Frankfurt hasn't been quiet about hoping to reap some rewards from Brexit, and now one lobby group has said moves had already started as the City faces competition for jobs.

According to lobby group Frankfurt Main Finance, it is already starting to see a pick up in interest, even though a Brexit deal has yet to be decided.

Speaking on the BBC's Today programme, Hubertus Vaeth, head of Frankfurt Main Finance, said already this year, "we see the trickle and a continuous trickle it is".

"We expect almost a thousand jobs to move into Frankfurt, either being moved from London or newly set up in Frankfurt, and within a five-year period of time, we expect 10,000 additional jobs to be created," he said.

 

The lobby group, which is backed by local government to promote the city, has said there has been an increase in firms seeking information on a potential move, and the level of decision-making is getting higher, so it is confident more will opt for the German city, home to the European Central Bank. [...]

Full article on City AM



© City A.M.


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