Financial services incorporates, amongst others; banking, corporate finance, insurance and pensions, wealth management, and legal services.
Aside from the standard business services high street offer, there are some interesting and unique operations in Sheffield City Region.
Legal sector
Sheffield has a vibrant, growing legal sector and is home to some significant strategic and back office operations. DLA Piper have a major presence in the city, employing more than 330 people, they also have their UK administrative base here.
Irwin Mitchell have their headquarters in Sheffield and have developed their UK back office bulk conveyance processing function, IM Direct, in the city. Nabarro have their only UK office outside London here, and the city is also home to a rapidly growing office for Halliwells LLP.
There are also a number of significant local firms, notably Ashton Morton Slack LLP, Keeble Hawson, and Howells. Combined with the University of Sheffield’s renowned Law Faculty, the legal sector in Sheffield is healthy, competitive and growing.
Workforce
- The working age population in the Sheffield City Region is demonstrating phenomenal growth, at 5.2% it is significantly above the national average.
- Over 2 million people live within a 60 minute peak hour journey to work area, 1.3 million of these are of working age.
- Employees have up to date and relevant work skills; training participation rates in the city stand notably above the national average. Over fifteen per cent of the working age population are currently participating in work related training.
Commercial benefits
The key commercial benefits of operating in Sheffield are:
Attractive location for recruitment of employees
- Labour market costs are very competitive against both national and regional levels with particular strengths in:
- IT support personnel - 12% lower than the national average
- New or semi-qualified professionals - 11% below the national average
- Sales and customer services – 10% lower than the national average
Business orientated universities
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54,000 students at two business orientated universities in the city, with good graduate retention rates and 12,000 graduates anually.
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Particular strengths and above average student numbers are found in business studies, modern languages, and law
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The University of Sheffield has a major law school, whilst Sheffield Hallam University has excellent IT and finance faculties.
Cost effective location
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There is a good supply of affordable Grade A office accommodation within the city, with occupancy costs at 40% below equivalent London costs.
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Sheffield offers an excellent quality of life.
World leading business investment professionals are on hand to support you:
- A dedicated JOBMatch HR business consultant; a unique, specialist and totally free service aimed at providing prospective inward investors with access to a trained and prepared workforce.
- A comprehensive service covering identification of property and planning assistance.
- Advice in identifying and securing financial support.
- A tailored relocation service via our partner Relocate 2 Sheffield, because we understand the significance of providing comprehensive domestic relocation support for those key individuals already with your business or for those you wish to recruit.
For further information and tailored support for your project please contact:
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Ann Allen, Investment Manager, +44 (0)114 223 2367
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