The growing financial services sector in Yorkshire is to be promoted as the next ideal investment destination to foreign firms.
UK Trade and Investment (UKTI), the government’s international business development department, is to launch Yorkshire as part of the Financial Centres of Excellence initiative.
The initiative, supported by local financial services businesses, Local Enterprise Partnerships (LEPs) as well as financial services body, TheCityUK, will encourage potential investors to think of establishing offices in Yorkshire rather than just the City of London.
James Wharton MP, Minister for the Northern Powerhouse at the Department for Communities and Local Government, launched the event alongside local business leaders at the offices of TD Direct Investing in Leeds.
Mr Wharton said:
“The financial services sector in the UK goes far beyond London and has a powerful presence in the North of England as well. This initiative is a great way of promoting the fantastic advantages of Yorkshire to financial services companies throughout the world.
We will continue to work with local leaders and the business community to make the Northern Powerhouse even more of a magnet to the financial services sector.”