Entirely Finance

MANCHESTER FINANCE NEWS


Investment Banking Good For Regional Growth Report Shows


The capital markets are providing major support to jobs and growth in the North West of England, according to a new report by think thank New Financial, and backed by the CEO of Barclays, Jes Staley.



Investment Banking Good For Regional Growth  Report Shows

The Impact of Capital Markets on People’s Everyday Lives – North West study (https://newfinancial.eu/wp-content/uploads/2018/10/2018.10-The-impact-of-capital-markets-in-the-North-West-New-Financial.pdf) reveals over 100,000 jobs in the region are supported by banking and finance directly, with a further 900 firms in the North West benefitting from capital markets investment, supporting a further 600,000 jobs.

Over 100 North West firms including Boohoo.com, The Hut Group, and Manchester Airports Group have raised more than £35bn in the equity, corporate bond and syndicated loan market in the past five years. A further 1,100 high-growth companies have received £2bn investment through venture capital, business angels and alternative lending.

Public infrastructure has also benefitted from the investment from local authority pension funds and from the European Investment Bank into projects such as the Port of Liverpool upgrade, while the University of Liverpool also accessed the Corporate Bond Market to finance £250m for residential investment.

The report also finds the regional activity of giant firms such as BAE Systems would have a market value of over £4bn in the North West alone, with £6bn of pension assets invested in, and nearly £1bn raised through, the capital markets.

"Whilst not always obvious, the ability to access the global capital markets has allowed the North West to thrive and amplify the potential of its highly talented workforce. "
Jes Staley, Barclays CEO



Jes Staley, Barclays CEO, said:

“Whilst not always obvious, the ability to access the global capital markets has allowed the North West to thrive and amplify the potential of its highly talented workforce. 

“We must shift away from relying on traditional bank lending and instead broaden the means through which businesses and entrepreneurs access capital and financing. The answer lies in healthy, diverse capital markets.”

Jon Glen MP, Economic Secretary to the Treasury also commented:

“This report offers valuable insight into the positive impact capital markets can have on cities such as Manchester and Liverpool – not just the City of London




DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.







Cowgill Holloway

Accountants and business advisors


Cowgill Holloway are a leading independent firm of chartered accountants and business advisors based in the North West, with offices in Bolton, Manchester and Liverpool. Established for over 30 years, and over 140 staff members, we work with all types of businesses. Our entrepreneurial ethos and partner-led approach is tailored to help you achieve your ambitions and financial aspirations.






Sedulo Chartered Certified Accountants


Sedulo is an established firm of accountants, with offices based in Manchester city centre and Cheshire, providing expertise in accountancy solutions and commercial business advisory services.






Crowe Clark Whitehill


With an office in Manchester city centre, Crowe Clark Whitehill is a leading national firm offering audit, tax and advisory service. Michael Jayson heads up the Manchester office.






Moore Accountancy Limited


Moore Accountancy are a proactive firm of Chartered Accountants based in South Manchester working predominantly with Start Ups and Small Business.\r\n\r\nWe work alongside businesses, helping with their tax and accounting needs, leaving business owners with more time and energy to focus on growing their businesses and client base.\r\n\r\nWe Do More Than Just Accounting!






Vernon Building Society

Building Society


Founded in 1924 in Stockport, Cheshire, the Vernon is an independent, mutual building society. We seek to provide competitive mortgages, savings and investment products and to be a trusted source of reliable financial advice within our local community.






RECOMMENDED FOR YOU ON ENTIRELY NORTH WEST