Interwoven with our industrial and mercantile past, banking, insurance and business services have long been an essential ingredient in our region’s economy. We are proud to be home to the UK’s biggest financial services centre outside London. Leeds’ business services sector generates over £13bn a year for the economy and is projected to grow by 50% by 2022. The Halifax has been one of our most important employers since it was founded in 1853.
These are major national employers and support the livelihoods of tens of thousands of people across our region. With HS2, this sector can grow from strength to strength. By contracting the distance between markets, businesses can be more nimble in how they interact and cooperate. By bringing London closer to our sector, we can compete more effectively with it. We can attract more aspirant professionals to start their career here - rather than in Canary Wharf, Singapore or Wall Street.