In a short piece in Insider magazine, with no actual figures quoted, Technology recruitment specialist Harvey Nash report a growth in the number of firms moving out of London attracted by Glasgow’s lower office-space costs and the strong supply of technology graduates, from the greater city area’s four universities.
Financial services are, of course, almost entirely technology-based and no longer need to be physically located in London’s financial district.
This is another of the numerous positive indicators emerging from the Scottish economy and reported here:
77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.
Quality of life factors for staff were not mentioned but will be important too. Taking just two examples, Glasgow’s plummeting crime levels, lower than any English university city, and free HE tuition will have helped. See, for the former: