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Business, Professional and Financial Services (BPFS)

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Description
 

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

  • More than 50,000 people employed in financial and professional services
  • Home to the UK’s largest regional legal and accountancy cluster
  • More banking and insurance jobs than any UK city apart from London and Edinburgh
  • Base for big names such as Deutsche Bank, HSBC, Allianz and KPMG

Access to key regional, national and global decision-makers

  • The region is home to global and national leaders in key sectors including financial services, automotive, transport, life sciences, tech and digital and food and drink manufacture
  • HQs and decision-makers of major firms across these sectors are based in Greater Birmingham
  • The city serves as the primary finance and professional services hub for the wider Midlands Engine region

A talented workforce

  • More than 110,000 experienced staff already work for BPFS firms in Birmingham City Centre
  • The West Midlands produces more business, finance and law students than any other UK region outside the capital
  • Two Birmingham business schools ranked in the Financial Times Global Top 100

Rich in grade A office space

  • Brindleyplace and Colmore already host an array of global BPFS firms
  • Paradise and Arena Central developments will create over 2.5million square feet of space in the heart of the city
  • Three Snowhill is the largest speculative office development in the UK outside of London

Connected to markets worldwide

  • Birmingham offers superb access to the rest of the UK and the world
  • 90% of the UK population are within 4 hours’ drive
  • From 2026, High speed rail will bring central London within 38 minutes
  • The city’s airport flies direct to more than 140 destinations on 50 airlines