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Sectors:

Financial Services

Financial Services, Legal Services and Public Private Partnerships

Introduction

UK Trade & Investment, through its global network of offices, works with national and regional partners, as well as the office of the Lord Mayor of the City of London. It promotes UK expertise in:

Financial Services

  • The UK financial services sector is the single largest contributor to the UK balance of payments.
  • Net UK financial services exports were a record £19bn in 2004 - 9 percent up on the previous year.
  • The sector employed 1.1 million people in the UK at the end of 2004.

Legal Services

  • Legal services contributed £13.6bn or 1.4 percent to the UK's GDP in 2003.
  • There were over 267,000 people employed in UK legal services in 2003.
  • Exports generated by UK law firms totalled £1.9 bn in 2004 - three times that of 1995.

Public Private Partnerships (PPP)

  • The UK government's programme of public service and infrastructure delivery through Public Private Partnership (PPP) is the largest in the world, with 700 operational projects
  • The most common and significant type of PPP used in the UK is the Private Finance Initiative (PFI) which is driven by value for money and long term service delivery
  • The UK invests £4bn each year in PPP projects, representing around 15 percent of total annual public service delivery in the UK
  • International governments developing their own PPP systems are benefiting from the UK's long experience and lessons learnt

Export Credit Insurance and Trade Finance

Payment and cash flow are key concerns for exporters. Companies seeking advice on export documentation, how to safeguard payments for exports and raising trade finance should in the first instance contact their own bank or insurance broker.

Where are the main opportunities?

For more in-depth information on the opportunities available in these sectors, please see the documents in the Related Content box.

How can we help?

For an overview of financial services in a particular country or region, see our Sector in Country Reports (registered users only).

To find specific export opportunities for financial services, see our Business Opportunities (registered users only).

For information about what we offer potential and established UK exporters in the financial services sector, see Our Services.

UK Trade & Investment Contact: robert.irvine@uktradeinvest.gov.uk
Publication date: 11/05/2006

Financial and Legal Services
Financial and legal services remain the UK biggest exports, with net value increasing from £17 billion to £19 billion last year. Register on the Portal for the latest financial services sector reports in key markets including China, Hungary and Canada and other financial service links.
The UK continues to be the main port of call for overseas governments seeking expertise in Public Private Partnerships. Recent missions to the UK include Korea, China and Finland. Register to see more details of UK activity in the promotion of PPP overseas.