Financial and related professional services in South West England
Financial and related professional services account for 100.4% of the region’s GVA, ranking it third nationwide by this measure key sectors in the region include banking and insurance, along with significant security broking and fund management activity. It also houses the back-office functions of a diverse range of businesses.
Bristol is the region’s largest financial centre, employing 30,800 in the sector, followed by Swindon and Bournemouth with over 10,000 each.
The South West plays host to a large cluster of financial, accounting, legal and management consulting firms, which employ nearly 150,000 people and collectively represent around 10% of the regional economy. It also houses the back-office functions of a diverse range of businesses, particularly building societies and insurers. The South West economy relies on a strong base of SME companies and has the highest part-time working rate in the country.
Our infographic illustrates the percentage of UK financial services jobs in South West England, indicating the major role that the region plays in the industry
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