About the PBSC

What does the Professional & Business Services Council do?


Purpose
The purpose of the Council is to act as the main independent forum for the Professional & Business Services (PBS) sector and the UK Government and to promote the long-term success of the sector in the UK and globally and accordingly, continue to enhance the sector’s symbiotic relationship and contribution to the UK economy

Aim
The aim of the Council is to foster an environment in which the PBS sector is able to thrive, domestically and globally – increasing PBS exports, investment and employment. In doing so, the Council will engage with the UK government on the key issues and opportunities facing the sector, supporting the success of the sector’s SMEs and provide insight into future directions.

Objectives
The primary objectives of the Council are to:

  1. Inform and challenge the UK government on key issues facing the PBS sector and those aspects of the wider economy where PBS expertise has particular relevance;
  2. Create visibility for PBS firms and organisations of government policy and intended direction;
  3. Identify clear priorities to contribute to wider UK Government policy areas and initiatives.

Principles

A non-exhaustive list of supporting principles for the PBSC includes:

  • Independence – honest and unfiltered advice and challenge to UK Government in order to support Government policy-making
  • Mobility – attracting and retaining the best of UK and global talent
  • Competitive – retaining and promoting PBS interests globally and domestically
  • Innovation and Investment – promoting innovation and investment across the sector
  • Collaboration – with government and within the sector, unity of effort towards common objectives to prevent working at cross purposes
  • Social, economic and environmental responsibility – integrating this focus throughout business modus operandi
  • Concentration of effort – focusing PBS collective strengths on decisive initiatives
  • Diversity & Inclusion – in representation by regional, size and ethnicity.

Professional Business Services - At A Glance

The UK’s Professional Business Services (PBS) sector is one of the largest and most successful sectors in the UK.

Growth sector and enabler for all industries

Value (GVA) UK PBS sector in 2020
£216.6bn a year
12% of UK GVA
3.7% 2000 - 2020 CAGR
Jobs PBS economy in 2020
4.7m jobs
1 in 7 of UK workforce jobs
27% growth since 2010
Trade & Investment PBS trade in 2019
£111bn exports
£37bn trade surplus
£189bn inward FDI

Regional Professional and Business Services GVA breakdown - 2018

  1. Scotland GVA: £13.5bn (6%)
  2. Northern Ireland GVA: £2.6bn (1%)
  3. North East GVA: £4bn (2%)
  4. North West GVA: £19.4bn (9%)
  5. Yorkshire & The Humber GVA: £11.4bn (5%)
  6. Wales GVA: £4.2bn (2%)
  7. West Midlands GVA: £13bn (6%)
  8. East Midlands GVA: £10.2bn (8%)
  9. South West GVA: £14.5bn (6%)
  10. South East GVA: £33bn (15%)
  11. London GVA: £78.7bn (35%)
  12. East of England GVA: £18.6bn (6%)

Sources: UK GDP (O) Low Level Aggregates, ONS, 2021; ONS Workforce Jobs, 2021; ONS Pink Book, 2020; BPE 2020; ONS Business Investment in the UK, 2020