With a large commuter population of 475,900 people in higher skilled occupations; competitive wage rates and specialisms in wealth management, maritime and business services; Liverpool City Region’s Financial and Professional Services sector offers a compelling proposition to investors. 0 highest rate of start-ups 0 GVA 0 People Employed Recognised as a Financial Centre of Excellence by the UK Government; Liverpool City Region has the third largest wealth management industry in the UK. We have close links to the City of London and boast a depth of expertise with a focus on developing long term client relationships and investing in our workforce. Furthermore, the vibrant energy of the City Region creates a friendly and entrepreneurial spirit which fosters a unique environment for business growth. In 2015, at 3.1% the City Region’s economic growth was faster than any similar City Region (Manchester 3%, London 1.6%); with the second highest rate of start-ups at 64%. Most importantly GVA in 2015 was higher (90.2%) than Manchester, Leeds and Birmingham, reflecting a dynamic and productive sector. While banking is the most important subsector in terms of scale; asset and wealth management is a notable strength in Liverpool. With proximity to the Isle of Man, Liverpool has an international reputation for wealth management, which is worth £2bn. Pension and life assurance administration and management is also a significant employer. The sector has a broad range of companies based in the City Region including Pershing BNY Mellon, TATA Consultancy Services, Ernst and Young, Grant Thornton, PwC, KMPG, Royal Sun Alliance, Rathbones, Griffiths and Armour, DLA Piper, Weightmans, Santander, Deutsche Bank, Lloyds, Barclays and NatWest. We have four universities with 90,000 students and 30,000 graduates each year providing an excellent talent pool to grow your business. The Financial and Professional Board drives the sector strategy and relies on private sector participation to ensure we are addressing industry needs, future proofing skills requirements and creating a long-term plan for the business community. Current Chair is Steve Stuart who practised corporate finance in Liverpool and beyond for the past 30 years. We work closely with Professional Liverpool, which is the body set up to promote professional excellence in Liverpool and the surrounding region, thus maintaining and enhancing Liverpool’s reputation as a financial centre. The Local Growth Hub provides access to a wide range of information, advice and support available for SMEs.
