Financial services hubs around the UK.
Analysis has revealed the sizeable contribution of regional financial services industries to the wider economy.
The sector drives employment, productivity and exports across the country.
• Financial and professional services employ nearly 2.3 million people nationwide.
• One of the most productive sectors in the economy creating 7.1% of output, it provides 11% of total government tax revenue.
• The UK is the world's largest net exporter of financial services - with a trade surplus of £61bn.
• Inward investment in financial services is more than double the amount attracted by any other sector and half the jobs this creates are outside London.
• Financial services enable the growth of innovative firms. In the last five years, £32bn has been invested in more than 2,500 UK companies by private equity and venture capital funds in the UK.
• The UK's innovative fintech sector reached a record investment of £16bn in 2018, the highest in Europe.
• Jobs in the sector are highly productive, with productivity of over £100k per job, more than double the average for all industries.
Financial and professional services are UK-wide industries
Financial and professional services are UK-wide industries
The UK is home to the world's most global and outward looking financial markets - making it attractive to international investors. The depth and breadth of the nationwide offer for investors means unparalleled opportunities for growth. A culture of innovation means an inspirational ecosystem, where business and investments can thrive.