Professional and Financial Services Sector

Overview

Birmingham's professional and financial services sector (second only to London) is the fastest growing sector in the City's and region's economy. Click here to view Birmingham's location in the heart of the UK.

Birmingham's economy has experienced buoyant growth over the past five years to become the UK's leading financial and professional services centre outside London. In Birmingham alone the sector currently employs over 100,000 people,^* generating £3.9 bn each year⁺ and is projected to increase by over 20,000 jobs in the next 10 years.^**

Birmingham City Centre is the region's major cluster with around 600 firms and a driver of sector activity throughout the region, with an average output growth of 3.9%.** The City has 200 law firms, boasts a wealth of highly talented banking specialists, many top accountants, 50 major property services and one of Europe's largest insurance markets.

Birmingham's professional service suppliers are outward looking and the depth and quality of expertise is the foundation for a growth in corporate deal making. The competitive strengths of the sector are complemented by the city's accessibility, the diversity and international outlook of the city's workforce and the growing appeal of Birmingham's quality of life as a place to live, work and study. Locate in Birmingham work closely with Birmingham Forward, Advantage West Midlands and many other private and public sector agencies to make Birmingham the preferred choice for professional services.

^* Source: Annual Business Inquiry 2005
⁺ Source: LEFM Model, 2008
^** Source: BEIC Economic Review 2002

Contact Mike Loftus on tel: +44 (0)121 303 2902; or e-mail him by clicking here 

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