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Wales
 Financial services sector in Wales
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Financial services sector in Wales
- In Wales, financial services currently contributes 5% of Wales GDP output and collectively firms employ 35,600 individuals who represent 3% of employment in Wales.
- There are around 1800 financial service firms operating within Wales, 75% of which are micro businesses:
|
Size of Firm |
Number of Financial Service Firms in Wales |
|
Micro 0 -10 |
1353 (75%) |
|
SME 10-100 |
410 (23%) |
|
Large 100+ |
34 (2%) |
- As the sector has a greater proportion of SME businesses than the wider Welsh economy this supports the Welsh Assembly's belief that financial services should be a prioritised sector.
- Wales currently has a 2% share of UK industry jobs and has a disproportionately low number of roles at senior management and professional level.
Contact
To find out how the Skills Council can help your business contact:
Financial Services Skills Council
51 Gresham Street
London
EC2V 7HQ
Tel: 0845 257 3772
Email: info@fssc.org.uk
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