Swinney cements financial ties with City of London partnership

Swinney cements financial ties with City of London partnership

Pictured (L-R): Lady Mayor of London Dame Susan Langley, First Minister John Swinney, and Chris Hayward, policy chair of the City of London Corporation

First Minister John Swinney has signed a renewed partnership agreement between the Scottish Government and the City of London, focused on delivering investment to Scotland.

The First Minister is promoting Scotland as a financial services hub, showcasing current large ticket capital investment opportunities and has also announced the next stage of the Scottish Government’s bonds programme.

Last night First Minister gave a speech at a Burns supper with leaders from across the financial services industry in Scotland and London, setting out the strengths of Scotland as a world-class investment destination.

Swinney cements financial ties with City of London partnership

First Minister John Swinney speaking at the City of London Corporation Burns supper

The First Minister said: “Scotland is a fantastic place to do business – and is the UK’s second largest financial hub after London. We have depth and strength across the full spectrum of financial and professional business services, and the ambition to lead in areas that will shape the future of finance.

“From large-scale infrastructure to innovative net zero technology, Scotland offers a stable, well-supported environment for investors looking to create lasting impact. 

“We are committed to working with global partners, including in the City of London, to advance the opportunities which will help Scotland to grow. Through working collaboratively, the City of London can support Scotland’s ambition to grow a modern, thriving and sustainable financial centre that builds on our heritage and supports our wider economic transformation. 

“Our partnership is also beneficial to the City of London Corporation which has long recognised the value of Scotland’s contribution to the United Kingdom’s standing as a world class financial services centre, with Scotland offering distinctive specialisms and strengths in banking, asset management and servicing, insurance and pensions and fintech.”

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