Scotland's financial services industry:
- Accounts for seven percent of Scotland’s GDP
- Employs almost 95,000 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 most recent quarterly gross domestic product (GDP) data show Scotland’s financial industry growing by 0.5 percent in 2010 compared to 2009.
In comparison output in the Scottish economy as a whole grew by 0.8 percent and output in the UK financial Services industry fell by 4.5 percent over the year.
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