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Date created: 6/25/2020

The financial and professional services industry remains key to the prosperity of the country. It generates exports more than double those of any other sector. The industry supports more than 2 million UK jobs, mostly outside London, and contributes over £75 billion in tax revenue.

The City of London is committed to a vibrant and thriving City, supporting a diverse and sustainable London within a globally successful UK. As part of this we work to strengthen the UK's competitiveness as the world's leading global hub for financial and professional services. This includes the work of the Chair of Policy & Resources, the Lord Mayor, and Members. We support prosperity, a greener economy, a diverse workforce, and stronger social impact for the sector. Much of the work of supporting the financial and professional services industry is led by the Innovation and Growth Directorate (formerly the Economic Development Office), and its Director Damian Nussbaum. Read our report showcasing some of our recent work.

The Global City Campaign showcases and promotes the UK’s offer for financial and professional services. Providing a compelling evidence base of research, statistics and partner stories, the campaign aims to attract talent, business and investment.

Representative offices in Brussels, India, and China support work on trade and investment, and fostering cooperation between key partner markets.

Together with partner organisation TheCityUK, we run the International Regulatory Strategy Group (IRSG), a practitioner-led body, which discusses and acts upon regulatory developments at global, regional and national levels.

We support and fund a number of organisations that are shaping the UK’s offer on key developments in the financial and professional services sector. These include:

  • The Impact Investing Institute, which aims to accelerate the growth and improve the effectiveness of impact investing.
  • The Green Finance Institute, the UK’s principal forum for public and private sector collaboration in green finance. The Institute works to accelerate the domestic and international transition to a sustainable, net-zero carbon economy that is also climate resilient. 
  • Innovate Finance, the trade body for fintech that represents and bring together companies and individuals working in the sector. Its members include firms ranging from the young and entrepreneurial through to the large and well-established.

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