Industry Insights
Financial & Insurance
The UK’s financial services sector, a global powerhouse, contributes £278 billion to the economy and employs 2.5 million people. In 2022, it attracted over £2 billion in foreign direct investment, creating nearly 15,000 jobs.
Administrative & Support Services
The Administrative and Support Services industry includes various activities that support general business operations (Statista, 2022). The sector is the second industry with the largest businesses in the UK, 1,200 businesses, and the second largest sector in significant business employment, which accounts for 14% of the total (Department of Business, Energy & Industrial Strategy, 2023).
Wholesale & Retail
The Wholesale and Retail market, vital to the UK economy, recorded a Gross Value Added (GVA) of approximately £171.2 billion in 2022, employing 5.7 million people (Statista, 2023; CBI, 2022). The wholesale distribution industry is in the midst of a significant transformation driven by evolving consumer demands, technology, and heightened competition (Global Source, 2023).