UK's largest regional financial, professional and business services industry

UK's largest regional financial, professional and business services industry

Invest in Manchester

Financial, Professional and Business Services

  1. Manchester is home to the largest regional financial, professional and business services (FPBS) industry outside of London, employing more than 280,000 people.

    It is the only UK city outside of the capital with all elements of the sub-sectors represented at scale – from banking, financial services and FinTech to insurance, accounting and legal – providing depth and diversity across a range of disciplines.

    Manchester is home to some of the world’s leading financial, professional and business services companies from Barclays, BNY Mellon, AXA, Latham & Watkins, OakNorth and Adyen.

    This diversity enables the city to provide expert support to a range of businesses, allowing them to quickly scale up operations at minimum cost and making Manchester a high quality, low risk investment location.

    The city is also a leading destination for back office operations, offering businesses access to the UK’s most fully evolved and scalable talent pool as well as 30-40% average savings on operating costs.

    MIDAS, Manchester’s inward investment agency, works with investors to develop dedicated support packages for financial, professional and business services companies looking to set up in, relocate to or expand in the city region.

    To find out more about how MIDAS can help de-risk your business investment in Manchester, get in touch with the team today.

  2. FinTech
  3. Shared Services
  4. Continual Growth

    Manchester’s financial, professional and business services sector can be traced back to the industrial revolution when the growing cotton industry received immense support from the city’s banks, insurers and professional services firms that set up here to take advantage of the opportunity.

    Fast forward to today, the sector is the largest outside of London, accounting for 20% of the local economy, and Manchester is home to the UK’s largest regional FinTech ecosystem.

    Manchester has historically been the location of choice for back office and technology operations but now also attracts more complex middle and front office financial services roles due to the highly-skilled workforce the city region has developed.

    Spinningfields, one of Europe’s most successful urban regeneration projects, sits at the heart of the city’s FPBS industry, where it is estimated that 20,000 people work. Firms including Barclays, Deloitte and Brewin Dolphin are located here, a sign of their confidence in Manchester as a place where the largest transactions can be made and signed off.


    Access to Talent

    Building an effective and competitive labour force is critical to ensure the success and sustainability of any financial or professional services operation.

    Manchester’s central geographical location puts it at the heart of the Northern labour market, providing businesses located here with access to one of the largest commuter workforces in Europe. With 2.8 million people in the city region and 7.2 million people within a one-hour travel time, firms can tap into talent in strong neighbouring cities including Liverpool and Leeds.

    The existing 280,000-strong industry workforce is supplemented by a sustainable flow of talent from the city region’s five universities, which produce more than 30,000 high quality graduates every year, as well as industry-led apprenticeships and training programmes; providing businesses with access to a wealth of specialist skills.

    With such depth of industry expertise and offering unrivalled access to the UK’s most fully evolved and scalable talent pool, Manchester is the ideal business location.


    Get in Touch

    Manchester’s established industry strengths, continual growth and its deep talent pool make it the perfect place for financial, professional and business services firms to thrive.

    To find out more about how MIDAS can help your business investment in Manchester, get in touch with the MIDAS team today. You can also keep up-to-date with us via Twitter and LinkedIn.
     


    Resources

     

    Global brands, SMEs and start-ups alike are thriving in Manchester thanks to the city’s outstanding connectivity, its international reputation for innovation and the wealth of expert talent available here. MIDAS – the city’s dedicated inward investment agency – has helped hundreds of businesses relocate to or expand into the city.

    Do you want to find out more about Manchester and how MIDAS can support your business relocation or expansion? Register here to receive useful resources about Manchester and MIDAS’ support package.


Follow MIDAS