Home > Financial > MK named as hotspot for banking sector jobs

MK named as hotspot for banking sector jobs

Milton Keynes has been named as one of Britain’s banking job creation ‘hotspots’.

Jobs across the banking industry fell by 17,000 last year, but several towns and cities outside of London are creating jobs in the sector and Milton Keynes is one of them.

The number of banking jobs in Milton Keynes rose from 3,147 to 4,050 between 2009 and 2012, an increase of over 28% and the sixth highest outside London.

The figures came from the Office for National Statistics Business Register and Employment Survey.

Anthony Browne, the British Bankers’ Association’s chief executive, said: “These figures shatter the myth that only a narrow part of Britain benefits from banking.

“Two thirds of jobs created by this industry are based outside the M25 and it’s great to see such a big increase in Milton Keynes.

“These are diverse jobs ranging from good entry-level positions for those without direct banking experience to highly-skilled, technical roles.

“It’s heartening that as the recovery takes hold there are grounds to suggest communities will benefit from jobs created by this industry.”