UK regions and nations

Enabling growth across the UK 2024: UK-based financial and related professional services

11 September 2024
3 minutes
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Read the press release: Read the report: Download the report: (PDF)

Our annual ‘Enabling growth across the UK’ report explores financial and related professional service’s economic contribution to the regions and nations of the UK in detail.

The report once again confirms that over two thirds of people working in financial and related professional services are based outside London. The industry employed more than 2.4m people across the UK in 2022, and registered an increase of 354,000 jobs over the last decade. Our research also details the benefits the industry brings to the UK in terms of economic output, tax contribution, productivity, and other metrics.

As well as providing a detailed analysis of the industry's contribution across the UK, we have set out policy recommendations focusing on ways that the government can help enhance the industry’s positive contribution to the economy and help drive inclusive economic growth. These recommendations focus on:

  • devolution
  • people
  • growth
  • planning reform.

Read our full policy recommendations here.

Our interactive UK map

Click on each region or nation in the map below to find out how financial and related professional services impact 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
7.6%
Number of employees in financial and related professional services
2,446,000
Gross Value Added
£248.0bn
Key cities for financial and related professional services employment
London, Birmingham, Manchester, Edinburgh, Leeds, Glasgow and Bristol

North East

Percentage of regional employment
4.8%
Number of employees in financial and related professional services
53,000
Gross Value Added
£3.3bn
Key cities for financial and related professional services employment
Newcastle and Sunderland

North West

Percentage of regional employment
7.7%
Number of employees in financial and related professional services
273,000
Gross Value Added
£20.0bn
Key cities for financial and related professional services employment
Manchester, Liverpool, Warrington and Salford

Yorkshire and The Humber.

Percentage of regional employment
5.7%
Number of employees in financial and related professional services
145,000
Gross Value Added
£11.9bn
Key cities for financial and related professional services employment
Leeds, Sheffield, Bradford, Halifax and York

East Midlands

Percentage of regional employment
4.2%
Number of employees in financial and related professional services
94,000
Gross Value Added
£6.1bn
Key cities for financial and related professional services employment
Northampton, Nottingham and Leicester

West Midlands

Percentage of regional employment
6.5%
Number of employees in financial and related professional services
178,000
Gross Value Added
£11.8bn
Key cities for financial and related professional services employment
Birmingham and Coventry

East of England

Percentage of regional employment
5.5%
Number of employees in financial and related professional services
161,000
Gross Value Added
£13.5bn
Key cities for financial and related professional services employment
Norwich, Watford, Peterborough, Ipswich and Cambridge

London

Percentage of regional employment
14.7%
Number of employees in financial and related professional services
837,000
Gross Value Added
£121.0bn

South East

Percentage of regional employment
6.1%
Number of employees in financial and related professional services
267,000
Gross Value Added
£24.2bn
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
174,000
Gross Value Added
£13.0bn
Key cities for financial and related professional services employment
Bristol, Swindon, Bournemouth, Pool and Cheltenham

Northern Ireland

Percentage of national employment
5.3%
Number of employees in financial and related professional services
42,000
Gross Value Added
£3.2bn
Key cities for financial and related professional services employment
Belfast

Scotland

Percentage of national employment
5.7%
Number of employees in financial and related professional services
149,000
Gross Value Added
£14.8bn
Key cities for financial and related professional services employment
City of Edinburgh, Glasgow City, Aberdeen City and Fife

Wales

Percentage of national employment
5.4%
Number of employees in financial and related professional services
73,000
Gross Value Added
£5.2bn
Key cities for financial and related professional services employment
Cardiff and Swansea