Scotland’s calling! Expand into the biggest UK financial hub outside of London
With a proven and resilient business environment, Scotland is most definitely open for business.
Where else in the UK can you join an existing ecosystem of 600 financial and business services companies? Or a location with access to 86,000 financial services professionals? How about a UK nation that already manages £800bn of funds in asset management? The answer is nearer than you may imagine...
London financial firms are considering more than ever where they expand their operations. Scotland is the most attractive UK place to invest after London. (Source EY Attractiveness Survey)
Could your company benefit by running some of its operations here?
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Why are 600 financial and business services companies already based in Scotland?
From banking and investment, insurance and pensions companies, to fintech, Scotland boasts an established financial hub, spanning its major cities. These are close-knit and highly-connected. Scotland’s thriving financial centre, with its proximity and transport links to London, is a complementary near shore location, offering further commercial opportunities across the two locations.
Why expand your financial business into Scotland?
The reasons are many and varied – but here are the facts:
- Office operating costs are up to 40% lower in Scotland than in London (Financial Times FDI Benchmark Report)
- Scotland witnessed a record-breaking number of Foreign Direct Investment (FDI) projects in 2015; an increase of 51% on the year before, and second only to London in the level of investment secured (source EY Attractiveness Survey),
- Companies are continuing to invest or expand their operations into Scotland
- Scotland has access to a highly-skilled and qualified workforce across many aspects of the Financial Services sector
Read the Financial Centre of Excellence Scotland guide for further reasons to invest in a country with a financial sector that's 300-years' old.
Where else in the UK can offer such depth of expertise in financial services?
Scotland is open for business. We welcome London-based financial services companies that are considering complementary, lower cost locations for a range of business operations, including middle and back office functions.
Scotland remains one of the most attractive and globally engaged locations in the world to do business; it offers exceptional talent, business infrastructure, access to academia and a supportive global business network. Scottish skills, expertise and services are in high demand globally. Large global financial companies that are already located in Scotland include JP Morgan, Morgan Stanley, BlackRock, State Street and Santander.
Think reduced operating costs. Think talent. Think growth. Make Scotland a complementary location to your London business.
Scottish Development International (SDI) can connect you to the right people, financial support and business locations, to make your move to Scotland an easy one.
We look forward to welcoming you to Scotland!
Discover how SDI can help your business grow in Scotland