FINANCIAL, LEGAL AND PROFESSIONAL SERVICES (FLPS)

SECTOR GROUP

What is it?

We convene a Group of 25 FLPS firms which exists to futureproof the sector in Wales. The Group, which meets twice a year, has three key priorities:

  • Develop people and build networks

  • Raise the sector’s profile

  • Make a positive contribution to society

It also aims to compliment, and connect with, existing initiatives and programmes such as City Region deals and Regional Skills Partnership, 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 twice a year 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