FINANCIAL, LEGAL AND PROFESSIONAL SERVICES (FLPS)
What is it?
We convene a Group of 25 FLPS firms which exists to futureproof the sector in Wales. The Group, which meets quarterly, has three key priorities:
Develop people and build networks
Raise the sector’s profile
Make a positive contribution to society
The Group also aims to compliment, and connect with, existing initiatives and programmes such as City Region deals, LSKIP and the Welsh Government's Financial and Professional Services Advisory Panel, whilst maintaining its independence and unique sector-led status.
Why does it exist?
As a b corporation, Sweetmans is both profit-making and committed to making a positive social and environmental impact. We passionately believe that the FLPS sector has a vital role to play in Wales’s future growth and success – not only in terms of wealth generation, but also in terms of wider societal benefits.
Already, the sector accounts for a reported 56,000 jobs in Wales, and 5.4%, or £3bn, of the Welsh economy. Cardiff is the dominant centre, accounting for more than one-third of employment in the sector.
It is an exciting time for the industry, although there are some challenges, including changes taking place at a macro, sector and local level.
How do we work together?
At our quarterly meetings, we have "show and tell" sessions where group members and other partners present on an agreed topic which is followed by a facilitated discussion and agreed actions.
We are also currently working on a pilot Skills Exchange project which is designed to develop the non-technical skills of rising stars and broaden and strengthen their local networks. This includes a hackathon on which there are more details below.
To date, the Group's meetings have been kindly hosted by Legal & General, Principality Building Society, the Development Bank of Wales, PwC and Motonovo Finance.
If you’d like to find out more about the Group, or get involved, please contact Rosie Sweetman.
In July 2018, we ran a hackathon for current and future leaders in the sector to help develop increasingly important non-technical skills, build networks and solve a challenge with both business and societal benefits.
7 firms from the Group took part in the event, namely: Acuity Legal, Capital Law, Development Bank of Wales, Hodge Bank, Legal & General, Principality and PwC.
For more details, please visit the event microsite.
We are planning a similar event in 2019. Please get in touch if you would like to get involved.