FINANCIAL AND BUSINESS SERVICES

With more than 2,000 financial businesses operating here and a growing fintech industry, Scotland is one of Europe's leading financial centres and internationally recognised as the UK's largest outside London. Discover what Scotland can offer to help grow your financial services company.

Why Scotland is a good fit for your financial services business

84,000 professionals

employed directly by Scottish financial services industry

Open finance world first

Scotland is home to the world's first Global Open Finance Centre of Excellence

Up to 40% lower costs

for property and salary compared to London

Join an already thriving network

Scotland’s thriving financial services community is made up of over 2,000 financial services businesses and more than 3,650 professional services firms (including accountancy, legal and consultancy firms) who can offer vital support for financial businesses.

This, coupled with close collaboration between businesses and our 19 universities, makes Scotland a hub for fintech, cyber security and data science industries.

"Scotland is already well-known as a centre for fintech. Quite simply, it has the right ecosystem to nurture a company like Previse.”

David Brown, co-founder and chief product officer at Previse

ACCA staff at their Glasgow office with the Glasgow Museum of Modern Art in the background

Access the skills and talent you need

As well as some of the most business-friendly labour market regulations in Europe, we’ve also got a huge pool of talented employees already working in the market, including EU and global professionals with additional language skills. And with over 290,000 Scottish, EU and global students currently studying for careers in finance, this talent pool is always growing.

Scotland has some of the best universities in the world, with expertise across data, cyber security, quantum, blockchain and artificial intelligence.

Read about Scotland's software and IT capability

"The team that we’ve recruited in Scotland already had significant specialist knowledge and expertise. Compared to London, there is far more stability in the workforce and that really benefits a company like ours.”

Jim Tomaney, chief operating officer, Renovite Technologies

Benefit from ongoing support 

With over 300 years of expertise in financial services, we know how to help businesses succeed. Our five-year plan for the financial services sector provides a strong set of initiatives to strengthen our industry. We can help you access funding, connect you to our global network of specialist advisers and offer business development advice.

Most of the world’s large professional services firms have offices in Scotland and you can access Scottish, UK and international law firms, offering financial sector expertise 'on the ground'.

We supported over 128 new foreign direct investment (FDI) projects in 2019-20, a 19% increase compared with the previous financial year. Of these, 39 were new investor projects choosing to locate in Scotland for the first time. 

More on Scotland's FDI performance

Broomielaw Glasgow

Need support to set up and grow your financial services operations in Scotland? We're here to help.

Scotland's financial services expertise

Financial services in Scotland guide (PDF, 3.5MB)

What our investors say about Scotland

Jim Tomaney, Renovite Technologies
Renovite Technologies: fintech start-up takes on the impossible
David Brown, co-founder and chief product officer at Previse
Why Previse chose Glasgow to establish its R&D centre
Global banking giant chooses Scotland for its state-of-the-art campus
Calton Hill in Edinburgh
HSBC chooses Scotland for its risk and compliance centre of excellence

Got a question about financial services in Scotland? Get in touch with our team of advisers.

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