(c) lastminute.com
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.
https://www.insider.co.uk/news/glasgow-becoming-increasingly-popular-location-12113763
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:
Business growth in Scotland well ahead of UK average
Scottish business confidence soars to three and a half-year high
And another one: ‘Scotland Revealed as Top Place in UK to Launch New Business’
40% increase in number of new Scottish businesses mainly under SNP government
Scottish businesses showing signs of greater health than those in the rest of the UK
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:
Scotland’s university cities by far the safest places to send your children
Great , Scotland has always been good in the financial service area , now if we can get some of the London market into Glasgow with our cheaper office space and graduates , we can have two centres of excellence !
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