New UK investment office launched to boost financial services growth
The UK has launched a new initiative aimed at making it easier for international financial firms to set up and grow in Britain.
Chancellor Rachel Reeves joined the Policy Chairman of the City of London Corporation, Chris Hayward, to announce that the Office for Investment: Financial Services (OfI:FS) is now fully operational.
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The new service, described as a “concierge” for global finance, is designed to help international firms navigate regulation, secure tailored support, and accelerate their investment in the UK. The move comes as the government looks to strengthen Britain’s position as a global financial centre, following rising competition from hubs such as New York, Singapore and Paris.
The OfI:FS combines public and private sector expertise through a partnership between OfI, HM Treasury, the PRA, the FCA and the City of London Corporation. It has been shaped by more than 200 consultations with industry stakeholders and aims to create a seamless entry point for overseas investors. A related blueprint developed by the City of London Corporation underpins its model, ensuring a UK-wide offer that connects investment with regional strengths.
The initiative could help the UK attract an additional £10 billion in financial services investment by 2030. By basing the service both in government offices and at Guildhall, the aim is to place decision-making close to the heart of the industry.
Industry observers note that the move comes amid intensifying global competition to secure financial services investment. New York and Singapore have steadily increased their share of international capital flows in recent years, a trend explored in depth by a recent Reuters financial sector analysis, which underscores why the UK is moving to streamline its offer.
Chris Hayward, Policy Chairman at the City of London Corporation, said:
“This marks a game-changing moment for UK financial services. In just six months, we’ve gone from vision to delivery, launching a service that brings together government, regulators, and industry to position the UK as the premier global hub for financial services investment.
“It’s bold, joined-up, and built for growth. To stay ahead, we must not just match our competitors but outperform them. By making it easier than ever for financial services firms to choose the UK, we’re powering economic growth and driving the nation’s prosperity.”
The government’s own international investment strategy outlines plans to simplify regulatory processes and strengthen the UK’s attractiveness to overseas investors.
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