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Professional Services Franchises
According to the Governments Professional & Business Services Report the sector is worth a staggering £186bn to the UK economy, that's around 11% of total GDP. Professional services franchises take advantage of this huge market and include will writing services, accounting, legal, business advisory, management consultancy & employment.
If you have a professional or management background a management or white collar franchise opportunity with the business professional services sector could be ideal. Not all but many of this sort of business also operates within premises, sometimes even working from home. if so these franchise can offer great returns but also an opportunity for a better work life balance for your career.
Statistics around the professional services industry
Below we will also share some further statistics around the professional services industry and its growth it has seen in the UK. We hope these statistics can help contribute to your decision on whether investing in a professional services franchise would be right for you.
- The UK has one of the largest and most developed markets for professional services, including legal services, accounting, and management consulting. These three sectors contributed £26.8bn, £20.1bn, and £14bn respectively to UK economic output in 2017.
- As well as providing high-productivity, high-value jobs, the financial services sector remains a vital source of tax receipts, accounting for £11 in every £100 of tax paid to the exchequer, a total of £75bn in 2017/18, equivalent to 45% of the total health budget.
- Across the country, 1 in 14 UK-based workers (2.3 million people) work in financial and related professional services – two thirds of whom are outside London. Financial services jobs have the second highest level of productivity, twice as high as the whole-economy average in terms of output per job.