Fife could be just the ticket if you are looking for the ideal location to invest or grow your business. The financial & business services industry has attracted many global brands to invest in over the years, and you could be one of them.
The origins of Fife’s financial and business services sector dates back centuries. In 1802 The Fife Banking Company was established in Cupar to provide working capital for the local agricultural industry.
Fast forward to the 21st century, and Fife is now the centre for Business Process Outsourcing (BPO) and Shared Services. Nearly five thousand people work in Fife’s shared services centres, which generates about £500 million annually. Fife’s plays a leading role in the continued growth and expansion of Scotland’s continued financial and business services sector.
The Pitreavie Business Park & Carnegie Campus located in Dunfermline make up the largest single centre for financial shared services within Scotland.
Banking is the single major discipline accounting for three thousand jobs in Fife. Major companies with facilities in Fife include Lloyds Banking Group, Nationwide Building Society, BSkyB and Intelligent Finance. They deliver their services alongside numerous prosperous and innovative local companies such as Paywizard, who are growing successfully within the sector. The relative maturity of the industry means that Fife’s shared services value add is £103,000 per FTE, one of the highest in Scotland.
Additionally, InvestFife has joined forces with international Fintech companies, Fife College and Fintech Scotland. Fife has always played a key role within Fife’s tech Scotland financial and tech ecosystem.
With prime locations and land available throughout the Kingdom sustained by competitive commercial rates and excellent transport links, Fife could be the ideal location to invest and grow your business.
Fife also remains an attractive location for recruitment supported by lower housing costs and an abundance of leisure and entertainment amenities.
InvestFife can provide all the advice and information you need to invest in Fife. Reach out to our team today, who are happy to provide suitable land and property options for your business.