Fig’s first ten years – and beyond
It is such a pleasure to see FIG reach its ten years anniversary
Financial Services are key to the success of the UK economy – our sector created a trade surplus of £36 billion last year, and accounted for 10% of GDP with related professional services accounting for a further 4%. For the UK citizen we are responsible for over £4.1 trillion in assets – assets that represent their ability to achieve their hopes and goals. By any measure ours is a key sector.
Our sector is a national asset. Over two-thirds of the million plus employees of financial services are based outside London where East Anglia achieves the highest productivity at almost £90,000 per employee. The success of the sector is therefore something that drives regional wealth, jobs and growth.
There are over 130,000 high value jobs in financial and professional services in East Anglia – FIG gives that industry a voice, creates a community through which ideas can thrive, and provides a focus on developing the skills that attract more investment to the region. That work is so key to building further success.
The work of my organisation, TheCityUK, is to ensure the UK as a whole remains a pre-eminent centre for financial services – creating the best environment for businesses and their employees, customers and communities to prosper. That work relies on thriving regional expertise to ensure in-depth knowledge, relationships and support. FIG is a great example of that regional expertise. That is why I celebrate FIG's milestone now – and why I know I can look forward to their on-going success in the years to come.
Chris Cummings
CEO, TheCityUK
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