This advance was achieved in spite of a sharp fall in the overall number of financial services FDI projects won by the UK last year.

EY’s figures show that Edinburgh , with the six financial services FDI projects it attracted last year, was the joint-top city outside London for such wins, alongside Manchester.

London attracted 39 projects in 2024.

The US continues to be the top source of financial services FDI for Scotland, accounting for five such projects in 2024.

EY noted the US has been the source of 38 financial services inward investment projects for Scotland over the last decade.

Sue Dawe, EY's Scotland managing partner for financial services, said: “We continue to see Scotland perform well in attracting financial services FDI projects. In 2024, we saw almost as many projects

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