The National Centre for Universities and Business (NCUB) welcomes the Chancellor’s speech and the publication of the Financial Services Growth and Competitiveness Strategy, which together set out a bold vision for placing financial services at the heart of the UK’s Modern Industrial Strategy. The plans aim to strengthen the sector’s global leadership, unlock productive investment, and drive sustainable growth across the economy.
Rosalind Gill, Head of Policy and Engagement at NCUB, commented:
“Financial services underpin the investment that fuels our industrial strategy—from R&D and clean growth to advanced manufacturing. Today’s commitment to a more dynamic and competitive sector is a welcome step towards restoring investor confidence and creating the conditions for long-term economic growth.”
“It is especially encouraging to see universities recognised in the Strategy as key partners in driving innovation, building skills, and supporting regional financial clusters. To realise the UK’s ambitions for high-growth sectors, we need a financial system that is globally attractive, domestically responsive, and closely aligned with our research and talent ecosystem. Financial services must be a central partner in the UK’s growth mission—allocating capital into the technologies, businesses, and skills that will shape our future economy.”
NCUB looks forward to working with government and industry to ensure financial reform is matched with coordinated action to boost innovation, productivity, and growth across the UK.
