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  2. Why the UK / UK-wide offer / Birmingham

Home to one of Europe's most impressive insurance markets

Birmingham - offering access to financial and professional services expertise

The UK's offer

  • The region is home to more than 40,000 business, professional and financial services companies employing 330,000+ people.
  • £474m valued finTech sector in the West Midlands – the largest outside of the capital.
  • The region’s newly established fintech sector employs over 11,000 people, more than a 51% increase in the last two years.
  • The West Midlands renowned universities deliver over 66,000 tech-related graduates every year.

A large financial and professional services centre with a wide-ranging offer

Home to major players including BNP Paribas, Deutsche Bank, Goldman Sachs, Hogan Lovells and KPMG, Birmingham is a globally relevant financial and professional services hub, with nearly two-thirds of the sector's workforce high skilled. Lying at the centre of the thriving West Midlands region, Birmingham hosts significant concentrations of banks, insurers, fintechs and related professional services firms - contributing to the more than £5bn exported by the city region in financial and professional services.

HSBC chose Birmingham as the headquarters of its retail bank, HSBC UK. International accountancy firm PwC also have their largest regional office outside London housing over 2,000 staff. 

The Midlands Engine partnership, and the West Midlands Metro Mayor, who promotes trade and investment in the region, have helped to boost the appeal of the area to firms of all sizes.

A thriving Tech Supercluster

A collaboration between the West Midlands’ largest and most well-established businesses financial and professional businesses and emerging tech firms aims to establish Birmingham and the region as a centre of next generation services.

Through a series of specially-designed programmes, hackathons and incubators, the West Midlands SuperTech is strengthening the ecosystem, developing talent, all whilst championing Birmingham and the West Midlands.

Work such as the SuperTech Seeds programme has created nine new businesses to date as well as aiding 22 idea stage companies to launch their first minimum viable product (MVP) to market.

Members of the SuperTech cluster include various key players in the ProfTech (FinTech, PropTech, LawTech and InsurTech) sector including Shoosmiths, Wesleyan, Bruntwood, CBRE and Birmingham Law Society. The cluster is supported by key regional players such as the West Midlands Growth Company and the the West Midlands Combined Authority.

Together they strive to create one powerful, unified voice for the supercluster which is capable of delivering real change.

The City of London Corporation has been pleased to support SuperTech in its growth. Read more on the SuperTech West Midlands website.

Investment into scaling West Midlands Tech firms

The Mansion House Accord, announced in May 2025, stands to deliver real benefits on the ground for tech firms across the country – including the West Midlands. The Accord a commitment by some of Britain’s largest pension firms to allocate a minimum of 5% of defined contribution funds to UK private markets by 2030 – will unlock capital to invest in fast-growing businesses like fintech and life sciences to ensure they can both scale and stay in the UK.
 
The West Midlands’ burgeoning tech sector – exemplified by the rapid growth of SuperTech, the professional services tech cluster – can position itself to appeal to investors seeking better returns for savers. Capital will land where there is sufficient absorptive capacity and innovation to deliver these returns, and the West Midlands is building an ever stronger voice and identity around its tech offer which makes for a compelling proposition.

The West Midlands’ Deeper Devolution Deal

At an exciting inflection point for the region, the West Midlands Combined Authority is a trailblazer of deeper devolution deals alongside Greater Manchester. Significant new powers have been secured in transport, trade, skills and employment, housing and regeneration, investment, innovation, business support and finance. We will continue to work with the Combined Authority, Growth Company and stakeholders across the region to support their ambitions in embedding their full-spectrum financial and professional services sector into their growth plans.