A new report from Whitecap Consulting shows that the FinTech sector in Greater Manchester is the largest outside London

IN BRIEF:

- With growth of 67% over the last 3 years, the report finds Greater Manchester to be an international hub and the largest regional ecosystem outside London

- The sector is expected to contribute £1bn to the local economy in 2023, with an estimated 10,000 people working in FinTech roles

- Greater Manchester is now home to approximately 150 FinTech firms, the vast majority of which are startups and scaleups, a segment which has trebled in number over the last 3 years 

What does this mean?

Chris Sier, Chairman, FinTech North, says: “The growth of the FinTech sector in Manchester over recent years is phenomenal but I am not surprised by the new data, as I’ve seen first-hand how significant and active the FinTech ecosystem is in this region. With established financial services institutions, startups, scaleups, investors, universities and support services all highly active, all of the key components are in place for the continued growth of this vibrant sector in the region."