Scotland's financial services industry:
- Accounts for seven percent of Scotland’s GDP
- Employs almost 85,000 people directly and a further 70,000 indirectly
- Generates around £7 billion for the Scottish economy
Scotland’s proud history in financial services stretches back over 300 years. Today Scotland is one of Europe’s leading financial centres and the Scottish industry remains innovative and competitive.
Our success is based on a flexible, stable and motivated workforce equipped with skills required by the financial services industry. Our talented workers are supported by competitive costs and supportive political and business environments.
The financial services industry features a profitable mix of Scottish and international businesses. The industry’s key strengths lie in banking, insurance, investment management and asset servicing.
We are here to help your company succeed in the Scottish financial services sector.
Financial services industry in Scotland - an overview
The financial services industry is one of the most important in Scotland’s economy, with the sector performing strongly against UK and international benchmarks.
Overall, Scotland’s share of GB financial services employment was over 8% in 2011 with the life insurance sector continuing to stand out with a 28% share of all employment in the sector across GB as a whole.
Companies like yours investing in Scotland will find:
- Infrastructure – a strong support network of professional advisers and suppliers
- Academic excellence – thousands of graduates with the skills needed by the financial services industry
- Profitability – savings on operational costs without any loss of quality