East Midlands
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Stage 5 Report: This document, the Sector Skills Agreement for the financial services industry, is an industry-government action plan for England for the next 3-5 years.
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Engagement
The FSP works closely with the Skills Funding Agency in both the East and West Midlands and with the regional development agencies AWM and EMDA to ensure that public funds for skills development are directed to the needs of financial services employers. For example, AWM has recently announced funding for Leadership and Management development which we are currently promoting to West Midlands employers. We work with the National Skills Academy for the financial services to ensure learning provision matches employers' needs.
Sector statistics
The Midlands Region covers: East Midlands – Derbyshire, Leicestershire, Lincolnshire and Rutland, Northamptonshire, and Nottinghamshire. West Midlands – Birmingham and Solihull, Black Country, Herefordshire and Worcestershire, Shropshire, Staffordshire and Warwickshire. Nearly 120,000 people work in financial services in the Midlands region. There are over 6000 financial services workplaces in the Midlands. 2.7% of total regional employment is in financial services. In the West Midlands 57% of the financial sector workforce are employed in banks or building societies. A fifth work in insurance and pension funding and the remainder in operations and supervision.
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