Edinburgh is the capital city of Scotland and one of its 32 local government council areas. It is located in Lothian on the Firth of Forth's southern shore. Recognised as the capital of Scotland since at least the 15th century, Edinburgh is home to the Scottish Parliament and the seat of the monarchy in Scotland. The city has long been a Centre of education, particularly in the fields of medicine, Scots law, literature, the sciences and engineering. It is the largest financial Centre in the UK after London. The city's historical and cultural attractions have made it the United Kingdom's second most popular tourist destination after London, attracting over one million overseas visitors each year.
Edinburgh has the strongest economy of any city in the United Kingdom outside London and the highest percentage of professionals in the UK with 43% of the population holding a degree-level or professional qualification. According to the Centre for International Competitiveness, it is the most competitive large city in the United Kingdom. It also has the highest gross value added per employee of any city in the UK outside London, measuring £57,594 in 2010. It was named European Best Large City of the Future for Foreign Direct Investment and Best Large City for Foreign Direct Investment Strategy in the Financial Times magazine awards 2012/13