an inspirational creative energy

Innovation is what we do

With a history of innovation stretching back centuries, the UK's financial and professional services industry is always looking to the future

The UK's offer

  • Thrive in the centre that ranks top for innovation on multiple indices
  • Innovate in the top city for fintech worldwide, ranked by Deloitte
  • Benefit from the best in expertise - the UK is home to Europe's largest technology cluster in Cambridge
  • Collaborate in a forward-looking policy environment with regulators who actively support innovation
  • Access the right funding to start up and grow

An evolving sector

Innovation over centuries has been at the heart of what has made the UK an enduring global powerhouse for financial and professional services. From pioneering western provision of Islamic finance to internationalising the renminbi, through to peer to peer lending and international green bond issuances, the UK is world-leading in bringing innovation to market. With a creative, energetic and entrepreneurial culture, and a vibrant startup scene providing role models and mentors, the UK is the natural home for the dynamic firms and sectors redefining the future. With incubators and co-working spaces, the best in global talent, a welcoming business and regulatory environment, and a robust investment pipeline - innovation is what we do.

The finance sector has embraced its evolution as fintech becomes part of its core offering: re-imagining the customer experience, delivering new client-centric and innovative products, services and solutions and increasing the efficiency of established players. 

Innovation driving revenues

London is ranked top global city for innovation that increases revenue, in a survey of senior international business leaders.

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#1

London ranks first in the European Digital City Index

making it the top location for startups and scaleups

6

of the top 20 European Digital City Index rankings

are in the UK - far more than any other country analysed

27

of the top 'Fintech 50' firms are headquartered in London

have a presence in London

56%

of traditional financial services firms

in the UK have put digital disruption at the heart of their strategies

Funding innovation

The UK provides outstanding access to investment for firms in the sectors redefining the future - at all stages of growth. Venture capital and private equity is concentrated in the UK, which attracts far more funding than any other European centre. Both the AIM growth market, and the main market on the London Stock Exchange are prime listing locations for firms in sectors such as fintech, cyber security, and artificial intelligence.

$486k

average early-stage funding per start-up in London

compared to global average of $284k.

£1.8bn

in tech funding came to London in 2018

almost double the next European centre

$1bn+

More billion dollar plus 'unicorn' startups

in London than any other city in Europe

Partnering the world in innovative solutions

As the most open, connected and global financial centre, the UK partners the world to build innovative technologies and pioneering solutions to support growth - worldwide.

#1

A partner in the first ever fintech bridge agreement

with Singapore

5

International fintech bridges

helping to ease cross border friction and support global scaling - Australia, China, Hong Kong, South Korea and Singapore

11

jurisdictions working with the UK regulator

to pioneer the Global Financial Inclusion Network

Leadership in green finance

The City of London has established the Green Finance Institute - a ‘one-stop-shop’ for international engagement on this fast-growing sector

Leadership in green finance

Expertise in artificial intelligence

London has more LinkedIn members with AI skills than any other European city

Expertise in artificial intelligence

Cybersecurity for the world

The UK is the world’s fourth largest exporter of security services. Cyber security accounts for the largest share of these exports at 38%

Cybersecurity for the world

"Crucially, the business environment nurtures entrepreneurs. The regulatory environment is welcoming and the general attitude towards risk is conducive to growth. We have a comfortable relationship with the regulator and the UK's low-cost and streamlined legal ecosystem is unique in promoting innovation. "

Kapil Wadhawan Wadhawan Global Capital

"There is no shortage of high-quality accelerator programmes and incubators in the UK for entrepreneurs to be part of. There are also numerous global investors who are here looking to invest. "

Asif Faruque, Head of Content Level39

"The UK, through government and the regulators, have pushed a very strong pro competition and innovation agenda over the last 7 to 10 years which means there is a lot of support for companies like ours to establish ourselves and innovate in the UK market. "

Jana Mackintosh, Director of Government Affairs and Public Policy Worldpay

Partner story

Estates and Infrastructure Exchange: 'Technical infrastructure is just a given. You don't have to worry about broadband speeds or technology implications'

Estates and Infrastructure Exchange: 'Technical infrastructure is just a given. You don't have to worry about broadband speeds or technology implications'

Partner Story

TMW Pay: 'It is a market where fintech solutions are already known by customers'

TMW Pay: 'It is a market where fintech solutions are already known by customers'

Scale, range and expertise

The UK's financial and professional services sector has unparalleled range: from banking to insurance; asset management to green finance; professional services to fintech. The knowledge, experience, performance and talent across each of the sector’s verticals in the UK is world class, making the UK uniquely positioned to provide financial and professional services to the world.

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