UK financial services attractiveness survey 2016

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The UK is a world leader in financial services, and the sector is a significant contributor to the UK economy.

Our survey helps gauge how attractive the UK is compared with other financial services centres across the world, and allows us to track the proportion of total investment into the UK the sector attracts. These are both important markers to help us understand the industry’s health, now and in the future.

 


Financial Services sector is expected to be one of the UK’s top growth drivers

EY - 43% of investors think banking, insurance and wealth and asset management will drive UK growth in the coming years

EY - 30% of investors think banking, insurance and wealth and asset management will drive <strong>European growth</strong> in the coming years

43% of investors think banking, insurance, wealth and asset management will drive UK growth in the coming years. 30% of investors think banking, insurance, wealth and asset management will drive European growth in the coming years.

What makes the UK attractive for financial services investors?

EY - What makes the UK attractive for financial services investors?


London continues to dominate UK FDI investment, but other regions are gaining market share.

EY - London continues to dominate the UK FDI investment


But optimism for future investments is lower in financial services than in other industries

EY - But optimism for future investments is lower in financial services than in other industries


Clear policy should be developed in three areas to boost future investment

EY - Clear policy should be developed in three areas to boost future investment

Source: EY UK Attractiveness Survey 2016, Sample: 444 (total), 58 (financial services), Fieldwork took place from 4 March to 4 April, EY Global Investment Monitor 2016.


About EY’s attractiveness surveys

EY’s attractiveness surveys are widely recognised by our clients, the media and major public stakeholders as a key source of insight on foreign direct investment (FDI).

Examining a particular region or country’s attractiveness as an investment destination, they are designed to help businesses make investment decisions, and help governments remove barriers to future growth.

A two-step methodology analyses both the reality and perception of FDI in each country or region. Findings are based on the views of representative panels of international and local opinion leaders and decision-makers.

We define a country or area’s attractiveness as the combination of its image, investors’ level of confidence in it, and the perception of its ability to provide the most competitive benefits for FDI.

The perception research was conducted by the CSA Institute from February to April 2016, via telephone interviews with a representative group of 1,469 international decision-makers. The UK financial services analysis reflects the views of 58 investors in the UK. Our evaluation of the reality of FDI in Europe is based on EY’s Global Investment Monitor (GIM), which tracks those FDI projects that have created new facilities and new jobs. By excluding portfolio investments and M&A, it shows the reality of investment in manufacturing and services by foreign companies across the continent.

UKAS is part of EY’s Economics for Business programme, which provides knowledge, analysis and insight to help businesses understand their economic environments, both in the UK and globally. We work with both private and public sectors, facilitating the debate between business and government, supporting economic development, growth and regeneration.