Finance Recruitment Strong In Glasgow's Financial District
Written by Geoff Newman on 01/12/2011
Glasgow's International Financial Services District (IFSD) has created more financial jobs than it has lost during the last threes years, bucking the grim effects of the global financial crisis.
New figures have shown that the IFSD has created 15,500 jobs since its inception in 2001. The figure is up from the 2008 count of 15,150 and, remarkably, takes into account the 3,900 finance and banking jobs that have been lost in the district since 2008.
The figures, put together by Glasgow economic research consultancy EKOS, show that the city has become a magnate for financial services companies, and haven of banking recruitment for people looking for work in the financial sector.
The district is a project that has been developed and supported by Scottish Enterprise and Glasgow City Council, with significant backing from private sector partners including BT and Scottish Financial Enterprise.
Scottish Enterprise's financial services director, Jill Farrell, said that the figures were an encouraging indication of the success of the basic purpose of the district, which was to attract high-quality, blue-chip companies to Scotland, to bolster the economy and create jobs.
"One of the important points is this demonstrates there is growth in some sub-sectors of financial services and, even within banks, there is growth," she said.