Enabling growth across the UK 2022: UK-based financial and related professional services

This report evaluates the financial and related professional services industry’s economic contribution to the regions and nations of the UK. It is based on analysis of the latest available data (2020).

Across the UK more than 2.2 million people work in financial and related professional services, representing 7.4% of the working population, or approximately one in every 14 jobs. This is roughly equivalent to the entire population of Birmingham, Glasgow and Edinburgh combined.

Around two thirds of these people in employment in the industry work outside London. Major UK centres with more than 30,000 in employment in financial and related professional services include Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester. Overall, 22 towns and cities in the UK each have more than 10,000 people in employment in the industry.

Click on each region or nation in the map below to find out how financial and related professional services impacts your area:

North East
North West
Yorkshire and The Humber.
East Midlands
West Midlands
East of England
London
South East
South West
Northern Ireland
Scotland
Wales

Select region for information

UK

Percentage of national employment
7.4%
Number of employees in financial and related professional services
2,246,000
Gross Value Added
£238.4bn
Key cities for financial and related professional services employment
London, Birmingham, Manchester, Edinburgh, Leeds, Glasgow and Bristol

North East

Percentage of regional employment
4.1%
Number of employees in financial and related professional services
43,000
Gross Value Added
£3.4bn
Key cities for financial and related professional services employment
Newcastle and Sunderland

North West

Percentage of regional employment
8.1%
Number of employees in financial and related professional services
268,000
Gross Value Added
£16.5
Key cities for financial and related professional services employment
Manchester, Liverpool, Warrington and Salford

Yorkshire and The Humber.

Percentage of regional employment
6.2%
Number of employees in financial and related professional services
145,000
Gross Value Added
£11.1bn
Key cities for financial and related professional services employment
Leeds, Sheffield, Bradford, Halifax and York

East Midlands

Percentage of regional employment
4.0%
Number of employees in financial and related professional services
81,000
Gross Value Added
£5.6bn
Key cities for financial and related professional services employment
Northampton, Nottingham and Leicester

West Midlands

Percentage of regional employment
5.3%
Number of employees in financial and related professional services
135,000
Gross Value Added
£10.6bn
Key cities for financial and related professional services employment
Birmingham and Coventry

East of England

Percentage of regional employment
5.3%
Number of employees in financial and related professional services
148,000
Gross Value Added
£12.8bn
Key cities for financial and related professional services employment
Norwich, Watford, Peterborough, Ipswich and Cambridge

London

Percentage of regional employment
14.8%
Number of employees in financial and related professional services
757,000
Gross Value Added
£123.2bn

South East

Percentage of regional employment
6.6%
Number of employees in financial and related professional services
270,000
Gross Value Added
£21.8bn
Key cities for financial and related professional services employment
Milton Keynes, Brighton and Hove, Reading, Southampton and Guildford

South West

Percentage of regional employment
6.5%
Number of employees in financial and related professional services
162,000
Gross Value Added
£12.1bn
Key cities for financial and related professional services employment
Bristol, Swindon, Bournemouth, Pool and Cheltenham

Northern Ireland

Percentage of national employment
4.8%
Number of employees in financial and related professional services
37,000
Gross Value Added
£2.7bn
Key cities for financial and related professional services employment
Belfast

Scotland

Percentage of national employment
5.9%
Number of employees in financial and related professional services
145,000
Gross Value Added
£13.9bn
Key cities for financial and related professional services employment
City of Edinburgh, Glasgow City, Aberdeen City and Fife

Wales

Percentage of national employment
4.4%
Number of employees in financial and related professional services
55,000
Gross Value Added
£4.7bn
Key cities for financial and related professional services employment
Cardiff and Swansea