Washington DC – UK Chancellor, Rachel Reeves, joined by the Policy Chairman of the City of London Corporation, Chris Hayward, and major financial services companies and policymakers, have announced that the new Office for Investment: Financial Services (OfI:FS) is live and operational.
The OfI: FS is a concierge service helping international financial firms establish or expand in the UK, offering tailored regulatory and business support to accelerate investment and reinforce the UK’s global financial leadership. It is a public–private partnership housed within the Office for Investment, bringing together OfI, HM Treasury, the PRA, the FCA, the City of London Corporation, and secondees from leading professional services firms.
The OfI:FS, shaped by the City of London Corporation’s blueprint, informed by 200+ stakeholder consultations, delivers a consistent, UK-wide offer linking investment to local strengths. Combining public–private collaboration with global best practice, it streamlines engagement and keeps the UK at the forefront of international competitiveness.
The OfI: FS will serve as a strategic one-stop shop for international financial services investors, offering joined-up, tailored support from market entry to expansion. It aims to create a unified, investor-centric and digitally enabled UK model to attract and retain financial services investment.
To stay close to both government and industry, OfI:FS will be based across government offices and at the City of London’s Guildhall, ensuring investors are supported at the centre of UK decision-making. It could help the UK unlock £10 billion in additional investment by 2030, spread across all nations and regions of the UK.
Chris Hayward, Policy Chairman at 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 .”
ENDS
Notes to Editors
About the City of London Corporation
The City of London Corporation is the governing body of the Square Mile, London’s financial and commercial district. It supports the UK’s economic growth, promotes London’s global competitiveness, and provides world-class services to residents, workers, and visitors.
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