FPS Sector Overview

- Large and growing Financial and Professional Services market

- Largest contributor the Manchester City Region economy in terms of businesses (over 20% of workplaces), employees (one in six employees), level of output (£10.7 billion GVA or 21% of total GVA)

- The F&P sector is the fastest growing in terms of employees with a 33% increase between 1998 and 2006.
- 235,000 employed over a wide range of activities

- over 60 banks have operations in Manchester, 40 of which are overseas owned

- Regional centre for general insurance, legal and Accountants, with 3500 accountants registered, over 400 legal practices and 4000 partners plus major insurers in the region and a large broker community

- Large corporate finance market, Manchester based advisors were involved in 154 transactions in 2008, with a combined value of £6.17bn

- 20 finance and accounting shared services centres, 3,500 employees.