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South East

  • this region is an important contributor to employment and output for the sector outside of London
  • it produces 12% of the sector’s output and employs 12% of the workforce
  • it has the greatest share of employment in leasing and credit granting
  • focal points of employment are in Brighton and Hove, Reading, Reigate and Banstead
  • there are 124,425 people employed in the region
  • average earnings are £36,732 per annum
  • there are more females (68,224) in the sector workforce than males (68,202)
  • 21,000 people working in the sector are aged 16-24 years, 100,400 25-44 years, 41,200 45-54 years and 20,900 54 years plus
  • there are significantly more people in financial services in the region working full-time than part-time, plus employed people than self employed – this is representative of the entire sector
  • the region is threatened by a combination of significant skills gaps and an insufficient supply of skills through the labour market due to its proximity to London

Source: FSSC LMI report 2009 and FSSC The Skills Bill: England 2008