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Yorkshire and Humberside

  • there is an emphasis on retail banking in the region
  • there is a high occupational share of lower value-added roles
  • over 50% of the regions financial services workforce is employed in banks, followed by non-life insurance and auxiliary services
  • a focal of activity is Leeds, employing 33% of the region’s financial services workforce
  • the region accounts for 6% of all financial services GVA
  • there are 88,285 people employed in the region, accounting for 8% of the workforce
  • average earnings are £30,324 per annum
  • there are more females (50,175) in the sector workforce than males (38,110)
  • 14,800 people working in the sector are aged 16-24 years, 56,500 25-44 years, 16,800 45-54 years and 8,300 54 years plus
  • there are significantly more people in financial services in the region working full-time than part-time, plus employed people than self employed – this is representative of the entire sector
  • the region is threatened by a combination of significant skills gaps and an insufficient supply of skills through the labour market

Source: FSSC LMI report 2009 and FSSC The Skills Bill: England 2008