1、March 2025Next Generation Professional&Financial Services ProgrammeAI for Services 2025 report Unlocking future innovation opportunities in UK Professional&Financial Services2 Whitecap ConsultingPublished 2024Executive summary 6Executive summary 7UK Professional&Financial Services:highlights 8Key fi

2、ndings 11Recommendations:16Innovation&impact 19The role of innovation&technology 20Market drivers 21Competitive dynamics 29Industry impact 33Sector perspectives 36Future shaping 42Investment landscape 49Investment landscape 50Macro-environment and valuations 54Investment appetite and ideal investmen

3、t targets 55Market focus areas 58Co-investment&collaboration 60Regional funding 62Regions beyond London 64Regional strengths&challenges 65Incubators&accelerators 68Universities&spin-outs 69Midlands and East of England 71Northern Ireland 73North of England 75Scotland 77South of England 79Wales 81Cont

4、ributors&methodology 83Table of contents3 Whitecap ConsultingIn the UK,the Professional&Financial Services(PFS)market contributes over 260bn in GVA(or c12%of the UK economy),employs over 1.7m people,and is home to over 132,000 organisations.This report explores how digital technologies have shaped a

5、nd continue to influence the UKs PFS market,mapping key transformations over the past 3-5 years.More specifically,it shares a deep dive into the innovation and impact of the sector and its investment landscape,as well as a view of its future state and the increasingly diverse regional picture going

6、beyond London.This report focuses on three main sectors:Accounting,Financial Services&Insurance,and Legal Services.Each of these sectors plays a crucial role in the impact delivered by and ongoing development of the UKs PFS market.Key workstreams included group and individual discussions with indust