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Business, Professional & Financial Services

Greater Birmingham’s growing importance as the UK’s largest financial and professional services centre outside London is evident in the location of HSBC’s ring-fenced banking HQ in Birmingham and Deutsche Bank’s ‘front-of-office’ activities which were moved from London.

Business, Professional and Financial Services (BPFS) contribute nearly a third of Greater Birmingham’s economic output, and are a key source of Foreign Investment. Strengths include insurance, law, support services, Islamic finance and Fintech.

Supported by a strong track record in high value business activities, Solihull continues to draw interest from global corporations to small entrepreneurial businesses, with niche strengths in Marketing, Advertising and PR as the chosen location for McCann Ericsson and Cogent Elliott, also for the Financial Services as the UK headquarters for Paragon Finance and Secure Trust Bank.

Target initiatives for 2017/18 will include;

  • Working with partners to align our skills agenda with the sector’s needs
  • Strengthening our Growth Hub support offer for businesses

Find out more about the sector: https://businessbirmingham.com/sectors/business-professional-financial-services-bpfs/ 

Sector Champion

Our Sector Champion for BPFS is Ian Barnes, Chairman of BPS Birmingham Ltd.

Ian is an experienced international tax partner at Deloitte who leads the Midlands Business Tax practice (c.100 people) and also has a wider leadership role across the entire South region for the Advisory tax group (c.250 people). Ian is also the Chair of Birmingham Professional Services (BPS) organization representing the Professional Services sector in the Midlands with a role on the GBSLEP and is taking a leading role in shaping business support and response to national and local growth strategy. This includes discussions on how both BPS and Deloitte can support the Midlands Engine strategy with Sir John Peace.