LONDON, Edinburgh, Belfast and Manchester are set to benefit from a wave of new US investment into the financial services sector, reinforcing the strength of the UK-US economic partnership.
Working with America is best for Britain — and today’s announcement proves it. A total of over £1.25 billion in private sector commitments from leading US firms — including PayPal, Bank of America, Citi Bank, and S&P Global — will support job creation, drive innovation, and deliver improved services for consumers in the UK.
US giants are capitalising on Britain’s leadership in financial services – expanding operations and opening new offices across the nation, with London, Edinburgh, Belfast and Manchester set to gain from a wave of skilled job creation.
Bank of America is set to create up to 1,000 new jobs in Belfast, marking its first-ever operation in Northern Ireland — a major milestone that underscores the region’s growing role in global financial services.
Citi Group today confirms it is investing £1.1 billion across its UK operations, including a further commitment to growing its presence in Northern Ireland where the bank is already one of the top employers in Belfast now employing over 4,000 people — firmly establishing Belfast as a major technology powerhouse.
BlackRock are celebrating the opening of their new Edinburgh office this week, which will see their 800-strong footprint nearly double, as part of their multi-billion dollar investment into the UK.
In Manchester, S&P Global are investing over £4 million into their Manchester offices which will generate an additional 200 jobs to boost their nearly 3,000-strong UK workforce.
Business and Trade Secretary Peter Kyle said:
“Today’s announcements reinforce the UK’s position as the world’s leading investment destination. Our financial services sector is at the heart of a modern, dynamic Industrial Strategy.
“Strengthening ties with the US boosts our economy, creates jobs, and secures our role in global finance, delivering on our Plan for Change.
“These investments reflect the strength of our enduring ‘golden corridor’ with one of our closest trading partners, ahead of the US Presidential State Visit.”
This marks a significant vote of confidence in the UK’s position as a global financial hub and in the government’s plan to make Britain the best place in the world to invest — a vision underpinned by the UK’s Modern Industrial Strategy, which is driving investment into priority sectors like financial services.
These investments highlight the enduring value of the transatlantic relationship — a cornerstone of shared prosperity that supports millions of jobs and drives growth in every region.
Chancellor of the Exchequer Rachel Reeves said:
“This commitment from America’s leading financial institutions demonstrates the immense potential of the UK economy, our strong relationship with the US and the confidence global investors have in our Plan for Change, which is making the UK the best place in the world to invest and do business.
“These investments will create thousands of high-skilled jobs from Belfast to Edinburgh, kickstarting the growth that is essential to putting money in working people’s pockets across every part of the United Kingdom.”
