Manchester has once again climbed up the league of the top 20 European cities in which to do business – whilst London remains at the top of the tree.

In their annual report, Property consultancy firm, Cushman & Wakefield have unveiled their updated report in the form of the European Cities Monitor Report (ECM).

The report shows Manchester, the newly confirmed UK’s second city, leapfrogging over rival Birmingham in the process. Manchester has jumped from 16th position in the table to 12th in the new rankings.

The ECM survey report is based on responses to interviews with over 500 of the most senior European business executives from Europe’s largest companies. The report shows just a flavour of what occupiers think about the city in which their companies are based, representing the increasing move to Manchester of International Businesses.

Only this week, a delegation of Manchester’s leading business has been in Beijing introducing the Greater Manchester Investment Portfolio showcasing the city to bring investors to Manchester to collaborate in the fast growing property market.

Nicholas Thompson, Managing Director of Fairmont Spencer noted.

“With the ever developing Manchester infrastructure, and the appetite for companies moving their operations to Manchester, I can only see the demand for space increasing as more companies turn their attention towards relocating to Manchester.

London, Paris are still comfortably ahead of the nearest challengers, but the full list of Europe’s top 20 cities in which to do business can be seen below.

1. London

2. Paris

3. Frankfurt

4. Brussels

5. Barcelona

6. Amsterdam

7. Berlin

8. Madrid

9. Munich

10. Dusseldorf

11. Milan

12. Manchester

13. Zurich

14. Geneva

15. Hamburg

16. Stockholm

17. Lisbon

18. Birmingham

19. Lyon

20. Dublin