Business, Professional and Financial Services

BUSINESS, PROFESSIONAL AND FINANCIAL SERVICES

@InvestSheffield

BUSINESS, PROFESSIONAL AND FINANCIAL SERVICES

Sheffield is located in the centre of the UK and is home to world-class business, professional and financial services businesses with a burgeoning creative and fintech sector.

The Sheffield City Region is recognised as a UK Financial Centre of Excellence by the Department of International Trade due to the large talent pool, established financial ecosystem and cost effective real estate. Sheffield has a long heritage within the financial and business services sector.

Independently benchmarked as one of the most cost-effective cities in the UK for property and staff, Sheffield offers Grade A city centre office space at an average of £14 per square foot and salary costs are up to 28% lower than London.

The city’s location at the heart of the UK’s major road and rail networks makes Sheffield one of the most accessible regional cities in the UK. With the development of the High Speed (HS2) rail link journey times to London will be significantly reduced.

Sheffield is in the unique position of lying between five international airports - all within 90 minutes travel time.

Digital Connectivity – Sheffield has an excellent digital infrastructure and is well served by the major telecoms carriers including BT, Virgin Media, C&W and Origin Broadband. The Superfast South Yorkshire programme is also investing in the city’s digital infrastructure through a £22 million project to increase the provision of ultrafast broadband. In addition to this, Easynet, ASK4, Level 3 and SSE Telecom have all invested to develop infrastructure including points of presence in the city. Sheffield is the Outdoor City. As England’s greenest city, Sheffield has more than 200 parks, woodlands and gardens, and is the only UK city to have a national park, The Peak District, within its boundary. The open countryside offers stunning scenery, walking, climbing, cycling and general outdoor life in the country.

Creative Sheffield is the economic development arm of Sheffield City Council. We attract inward investment by promoting Sheffield as a leading business location. We provide free and impartial advice for location consultants and potential investors. We also offer aftercare support to recent investors and we account manage foreign-owned companies in the region.

Sheffield has a number of strengths within the business, professional and financial services sector including:

• Banking and Finance;• Insurance and Pensions;• Support Centre Operations; and• Legal and Professional Services.

The Banking and Finance sector is strong in Sheffield, employing over 18,900 people. HSBC is one of the largest private sector employers in the city, employing over 4,000 people in a variety of functions including a global IT shared service centre. The city is also home to Santander, The British Business Bank, Grant Thornton, BHP, Lloyds Banking Group, Nationwide, PwC and Royal Bank of Scotland, and all benefit from Sheffield’s financial and customer service skills base.

Insurance and Pensions. Key employers such as Aviva, Aon Hewitt, Capita and Westfield Health employ nearly 7,700 people. Sheffield has key strengths in life and pensions administration.

Support Centre Operations. Sheffield offers a vibrant commercial environment in which business and financial services operations can thrive. This makes our city the location of choice for captive contact centres, shared service centres, and business process outsourcing operators. Capita, XLN, Dixons Knowhow and PlusNet all have sizeable operations in Sheffield.

Legal and Professional Services employs over 259,000 people in the 60 minute journey to work labour pool, with 153,150 qualified professionals and a further 106,000 part qualified professionals. Over 7,000 accountants are registered with professional bodies and there are 8,600 employees in the legal sector. National and international law firms have been created and grown in Sheffield. Irwin Mitchell is head-quartered in the city, Nabarro grew here, and DLA Piper started here and is now one of the largest law firms in the world.

“When we decided that we wanted to expand our services outside of London, we looked at many different cities across the UK. Sheffield immediately became a strong proposition because of the large talent pool of highly skilled people that live in and around the city. The Universities are a huge asset to the city and a magnet to firms like ours looking to relocate. The other big draw that led us to Sheffield over other cities such as Manchester, Liverpool and Leeds were the transport links and its central location in the UK”. Lee Bartlett, Fragomen Worldwide.

BUSINESS, PROFESSIONAL AND FINANCIAL SERVICESCREATIVE SHEFFIELD

Locating your business to Sheffield will give you access to talented people. Within a peak 60 minute commute there is a catchment of 2.1 million people, with 64% or 1.4 million of working age. Over 340,000 people hold a degree level qualification or higher.

“No other location offers such a large recruitment catchment combined with such competitive salaries in the UK.”

East West Locations.

TALENTED PEOPLE

60,000OVER

The financial and legal services sector employs 7% of the working population.

and contributed to over 14% of Sheffield’s GVA (The City UK 2012).

12speak a second language, with over 11,500 students in Sheffield from overseas.

are within a 60 minute travel catchment area with 313,000 students and 92,000 graduates each year.

UNIVERSITIES

63,000 students at two universities in Sheffield with over 20,000 graduating each year – both universities are renowned for teaching Business Studies, Modern Languages, Finance and Law.

20k 40k 60k

Graduates

Students

PEOPLE

AFFORDABLE HIGH QUALITY OFFICESSheffield City Centre has an excellent range of Grade A office space and is independently benchmarked as one of the most cost effective cities in the UK for both property and staff costs. By locating your business to Sheffield, you can significantly reduce operating costs and make your business more sustainable.

ST PAUL’S PLACE

Total Floorspace 220,000 sq ft

Grade A offices, located adjacent to the Peace Gardens and Millennium Square. Close proximity to both the main central bus station and rail station.

SHEFFIELD DIGITAL CAMPUS


Adjacent to the City’s main railway station, this striking contemporary landmark is a prominent feature for those arriving in the City via the primary road and rail routes.


STEEL CITY HOUSESteel City House offers the unique combination of modern Grade A office space, and a prestigious address in one of Sheffield’s iconic landmark buildings.


SAVILLE HOUSEProminent landmark building located between the city centre and the Lower Don Valley. The building comprises nine stories of offices and a separate multi-storey car park.


IN GOOD COMPANYCASE STUDIES

SHEFFIELD CITY

BILLION ECONOMY& 52,000 BUSINESSESRESIDENTS: 1,978,400LABOUR SUPPLY: 907,00015-19-YEAR OLDS IN 2020: 102,000THOSE WITH NVQ L2 AND ABOVE: 70%BY 2037 POPULATION PROJECTED TO GROW BY 177,000

£30Business, professional and financial services - FACTFILE

Employed in Business, Professional and Financial Services

125,400

REGION WE HAVE A

IN THE

WHAT THEY DO:

EMPLOYMENT COSTS:

Insurance 5.3%Other financial services 7.3%Property related services 8.3%Accountancy and legal 8.9%Banking 9.8%IT and research 12.5%Other business services 48%

in the Business, Professional and Financial Services You will make an average cost saving of 12% on clerical grades compared to London

SKILLS AND EDUCATION:16.9% of all first year students at Sheffield’s two universities are enrolled in Business Studies - 3.8% above the national average. Engineering and Technology - 5% above the national average.

Steve HarrisRegional Director

The thriving business environment in Sheffield is matched by extensive, on the ground banking expertise from Lloyds Bank Commercial Banking, which provides a full corporate banking presence in the city. It is dedicated to serving regional businesses turning over between £1m to £1bn through locally-based advisers who genuinely understand the opportunities and challenges facing the area. Steve Harris, Regional Director said, “Lloyds Bank has undergone an extensive programme of recruitment in the last few years, and we have always looked locally for new talent. We employ over 1,500 people in the region across several divisions, including both apprentices and graduates at our Mortgage Centre in Sheffield, with high levels of retention across the board.

The countryside around the Peak District is simply stunning, and the quality schools throughout the region feed into world-class universities. We have found this is frequently an important deciding factor for employees.” Steve concluded, “Lloyds Bank is committed to helping Sheffield businesses access growth capital, flexible funding solutions and world-class expertise, delivered on a local scale, to maximise its potential. This, combined with our pledge to grow our net lending to businesses by £1 billion every year for the foreseeable future, provides a solid platform for the city to play its crucial role in the wider economic revival.”

Andrew Watkinson,Customer Services Director

Aviva is an iconic British brand name withmore than 16 million customers. Followingthe acquisition of Friends Life in April 2015,the celebrated insurance giant confirmed itwould be sited at five core locations in theUK, one of these being Sheffield. Its selectionas a core location demonstrates theconfidence and commitment the firm has inthe local labour market to supply the futureneeds of the business.

The Aviva office in Sheffield provides a variety of functions for the business, ranging from administration to services across a number of different areas including pensions, life insurance and health insurance.

Andrew Watkinson, Customer ServicesDirector said: “As a business we have nodifficulty with recruiting in Sheffield and ahigh number of graduates from bothuniversities are interested in joining us eachyear, attracted by the potential to build theircareers and progress through the company.We operate recruitment through bothgraduate and traditional career pathways andfeel there is a substantial talent pool availablelocally, who are able to deal with the morecomplex roles we require.”

He concluded, “Aside from the business sideof things, Sheffield offers a great balancebetween work and quality of life for ouremployees. As a major city, it retains acommunity feel and you are never far awayfrom any events taking place. Furthermore,with the Peak District only a short driveaway, you can soon get away from the urbancity centre and relax in open countryside.”

Employees: Over 1,500Operations in the region:Retail Banking, Private Banking, Commercial Banking, National Mortgage Unit and Support FunctionsMarkets: UK & Overseas

Employees: 3,500Operations in the region:One of UK Core strategic locationsMarkets: UK wide


Invest Sheffield offers a free and extensive package of services, advice and assistance for those wishing to do business in Sheffield, some of the specific areas of support we can offer are:

HOW WE CAN HELP YOU

Property

Our comprehensive knowledge of Sheffield’s commercial property market will enable us to help you find the most suitable office or premises for your business.

Finance

We can help you identify and access appropriate grants, loans, or equity finance.

Recruitment

A HR consultancy service giving you access to labour and salary information, advice on employment and skills grants, interview facilities and recruitment services.

Access to supply chains and networks Help to identify and introduce you to the appropriate local and national supply chain partners and networks relevant to your business needs.

Knowledge and innovation

Access to our regional knowledge base, which includes local Universities in addition to many private sector research organisations.

Relocation support

A tailored relocation service to support the requirements of key personnel relocating to the city.

Accessing Council Services

Access to the relevant local authority statutory services provided by the council, including planning, environmental permits etc.

Ongoing support

Once established in Sheffield, we will support the ongoing growth of your business and work with you proactively to develop further opportunities to invest within the city.

We look forward to meeting with you to discuss the opportunities Sheffield provides for your business.

Contact usMizan Rouf Investment Manager T: 0114 223 2353 M: 0787 685 3652 E: [email protected]

Ken Nettleship Investment Manager T: 0114 223 2382 M: 0781 015 2410 E: [email protected]

Nik Hamilton Investment Team Manager T: 0114 223 2406 M: 0755 455 5749 E: [email protected]

T: @InvestSheffield E: [email protected] W: welcometosheffield.co.uk/business