The financial services sector is the largest GVA earner for Dorset, and almost 15,000 people are working in this particular sector.
Many market leaders inthe financial services have chosen Bournemouth and Poole as the location for their contact centres or headquarters. These include JPMorgan, whose campus is based in Bournemouth and employs 4,000 people from the local area. Other major companies include Nationwide Building Society, Barclays International, The Bank of New York Mellon, Deutsche Bank, Ageas, Pru Health, Teachers Assurance, and LV= Liverpool Victoria.
The availability of a highly skilled workforce at all levels of Financial Services within the Bournemouth and Poole conurbation ensures a permanent supply of high calibre staff. Staff turnover is low, keeping recruitment costs low and business consistency high. Human capital/knowledge economy is high and increasing. The population of Bournemouth and Poole is around 313,100 and the travel to work area population is 519,400. The population of the conurbation has grown steadily with the fastest growing age group being that of working age residents.
Proximity to London and other key business areas is one of the key reasons why many major financial services companies choose to relocate Dorset. Coupled with a growing pool of high skilled labour, an ever growing cluster of high level Finance and Business Service companies and an unequalled quality of life, Dorset’s top businesses have reported that staff preferred to live here than London.
Bournemouth and Poole are both part of the South Coast Centre of Excellence for Financial Services.