The boom in Birmingham’s Business, Professional and Financial Services sector can be seen on its skyline. Across the city, new developments are springing up to house the growing number of banks, insurers, professional service firms and FinTech companies arriving.
Greater Birmingham is home to one of Europe’s largest BPFS clusters, with clear and growing appeal for international firms. In addition to having one of the UK’s youngest and most diverse populations, the city enjoys easy connections to more than 140 markets around the world through Birmingham’s fast-growing airport, as well as an unparalleled strategic location at the heart of the UK. By 2026, High Speed Rail will bring the journey time to London down to just 38 minutes.
A wealth of grade A office space is on offer, with new developments at Paradise, Arena Central and Snowhill helping to transform the city centre. Prime rental costs are up to 50% lower than in London.
Above all, Birmingham offers talent across the spectrum of insurance, accountancy, banking, law, FinTech and support services. In addition to a wealth of experienced talent, each year business, finance and law graduates pour into the city from its surrounding universities, drawing in global firms such as Deutsche Bank, HSBC and PwC.
With its combination of location, infrastructure and talent, Birmingham has become a compelling alternative to London. BPFS firms looking for a base to reach customers in the UK – as well as new markets around the globe – should look no further.
BPFS: Key facts and stats
A major European BPFS centre
Access to key regional, national and global decision-makers
A talented workforce
Rich in grade A office space
Connected to markets worldwide