FIG | Financial Industry Group

What FIG | Financial Industry Group does

FIG (Financial Industry Group) is a membership-based industry cluster organization based in Norwich, Norfolk, United Kingdom, dedicated to promoting and developing the financial and related professional services cluster in the region. It operates as a partnership between leading regional firms, local government bodies (Norfolk County Council, Norwich City Council, Broadland District Council), and the University of East Anglia (through Norwich Business School), with governance provided by a Board comprising senior executives from member companies and public-sector partners. The organization serves over 140 member organizations spanning insurance, wealth management, legal, accountancy, fintech (e.g., Aviva, Dual, Epos Now, Spire Solicitors, FRP Advisory, Chadwicks, Brewin Dolphin, Alan Boswell Group), as well as higher education and local government. Its stated purpose is to address fragmentation in the regional financial services community, support talent attraction and succession planning, and reinforce Norwich's position as a centre of excellence for insurance and financial services.

FIG's core products are community- and information-based rather than technology-based: a trade directory listing 140+ members, an events platform (annual conference, professional meet-ups, masterclasses, careers events), a news portal, a targeted job vacancies board, and a membership programme. It also co-delivers a paid professional development product — the Three-Year Runway to a Premium Exit programme — priced at £1,950+VAT per delegate, delivered with Chadwicks and UEA Norwich Business School. The organization does not develop proprietary technology; its digital footprint consists of a content/website platform and email newsletter. Revenue is generated primarily through recurring membership subscriptions from financial and professional services organizations, supplemented by event fees and paid training programmes. The core team is small (approximately 10 employees), with operational and governance capacity provided by partner organizations.

Name

FIG | Financial Industry Group

Legal name

Financial Industry Group

Website

https://fignorwich.org

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

FIG (Financial Industry Group) is a Norwich-based membership organization that promotes and develops the financial and professional services cluster in Norfolk, serving over 140 member firms across insurance, legal, accountancy, fintech, and education.

Ownership category

akta.pro rank

Headquarters

HQ city

Norwich

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Membership Fees: FIG generates revenue through membership fees from financial and professional services organizations in Norwich and Norfolk. The trade directory is specifically aimed at organizations working in the financial and related professional services clusters.
2. Event Fees: Some events are offered free to members while others charge fees, such as the Three-Year Runway to a Premium Exit programme at £1,950 + VAT per delegate.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

FIG is a membership-based industry cluster organization that promotes and develops the financial and related professional services sector across Norwich and Norfolk. It delivers this through a member trade directory, networking events, conferences, workshops, a news portal, a job board, and structured professional development programmes such as the Three-Year Runway to a Premium Exit succession course delivered with Norwich Business School. Revenue is generated primarily through membership subscriptions and selective event/programme fees.

Product overview

FIG (Financial Industry Group) Norwich operates as a cluster development organisation rather than a traditional product company. The FIG platform consists of a trade directory listing 140+ member organisations in financial and related professional services, an events platform for industry networking, a news portal for industry updates, a job vacancies board for the financial sector, and a membership programme. These components work together to promote and develop the financial services cluster in Norwich and Norfolk, connecting member firms, facilitating knowledge sharing, and supporting workforce development in the region.

Differentiator

Problem solved

Functional benefit

Products and services

• FIG Membership Programme A trade directory membership programme enabling organisations in the financial and related professional services cluster to join FIG, gain directory visibility, and access networking opportunities, events, masterclasses, and cluster-level promotion across Norwich and Norfolk.
• Three-Year Runway to a Premium Exit Programme A paid professional development programme for SME founders, owners, and directors preparing for business exit or succession, priced at £1,950 + VAT per delegate (£1,450 + VAT for additional delegates from the same company). Delivered in partnership with Norwich Business School at UEA and Chadwicks Wealth Management.
• FIG Events and Networking Programme A programme of in-person events, conferences, masterclasses, and networking meet-ups for FIG members and the wider financial and professional services community, including the FIG Annual Conference hosted at Aviva's Marble Hall and Norfolk Professionals Morning Meet-Ups.

Quantifiable outcome

• Over 140 member organizations in the trade directory
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and supporting.

• ChadwickscoreStrategic or Co-development Partner · 8 July 2026Chadwicks, a wealth management and business advisory firm, partners with Norwich Business School and FIG to deliver the Three-Year Runway to a Premium Exit programme for SME owners preparing for succession or exit.
• Work In NorwichsupportingStrategic or Co-development Partner · 8 July 2026FIG partners with Work In Norwich and Atkinson Moss on the Workforce Survey initiative to understand and improve workplace experiences across local networks.
• Inspiration TrustsupportingStrategic or Co-development Partner · 25 June 2026FIG supports Inspiration Trust's careers events for students aged 14-19, connecting business professionals with young people interested in finance, business and law careers.
• Alan Boswell GroupsupportingGTM or Marketing Partner · 24 June 2026Alan Boswell Group partners with FIG for events including the Norfolk Professionals Morning Meet-Up at the Royal Norfolk Show.
• Norwich Business School (UEA)coreStrategic or Co-development PartnerFIG partners with Norwich Business School at the University of East Anglia for research, talent development, and strategic initiatives. The partnership brings together academic expertise and industry practice to strengthen the regional SME community through programmes like the Three-Year Runway for a Premium Exit.
• Norfolk County CouncilcoreStrategic or Co-development PartnerNorfolk County Council works with FIG on economic development and growth initiatives, particularly around financial services cluster development and innovation support.
• Norwich City CouncilcoreStrategic or Co-development PartnerNorwich City Council partners with FIG to support economic development and promote Norwich as a financial services hub.
• Broadland District CouncilsupportingStrategic or Co-development PartnerBroadland District Council collaborates with FIG on growth initiatives for the Broadland Growth Triangle and broader economic development efforts.
• AvivacoreGTM or Marketing PartnerAviva, as a FIG member and major Norwich employer, hosts the FIG Annual Conference in their Marble Hall facility, demonstrating corporate support for the financial services cluster.

Scale indicators3 records

Recent moves10 records

Expansion highlights5 records

Broad incumbents

• UK Finance: The principal trade association for the UK financial services industry, representing banks, building societies, and other financial firms. Comparable to FIG as a membership-based industry body serving financial services, although with a national rather than regional focus.
• BusinessLDN: A London-based business and industry campaign group that convenes financial and professional services firms, government, and academia. Comparable to FIG as a cluster promotion and policy advocacy body, though at a significantly larger scale in the capital.
• British Insurance Brokers' Association (BIBA): The UK-wide trade association for insurance brokers and intermediaries. Directly comparable to FIG's insurance-focused membership activities, including representation, networking, and member services, but operating at a national scale with a dedicated insurance remit.
• TheCityUK: The UK-based industry body that promotes the financial and related professional services sector at a national and international level. Most comparable to FIG as a membership-driven cluster organisation, but operating at a much larger scale and broader geographic remit.

Emerging players

• Insurtech UK: An industry body representing the UK insurtech community. Comparable to FIG in serving insurance-related members and promoting innovation, but with a sharper focus on emerging technology-driven insurance firms rather than a regional cluster orientation.

Direct peers

• Leeds Financial Services Partnership: A regional industry group promoting the financial and professional services sector in Leeds. Comparable to FIG as a regional financial services cluster body, with a similar agenda of cluster promotion, skills development, and member events.
• Norwich Research Park: A Norwich-based life sciences and research cluster bringing together academia, business, and government. Comparable to FIG as a co-located regional cluster body using the same partnership model to promote cluster growth and member development.
• Cambridge Network: A membership organisation that connects Cambridge-based technology and professional services companies, academic institutions, and government bodies. Highly comparable to FIG as a regional cluster body leveraging university and industry partnerships to drive local economic development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fig-financial-industry-group1

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FIG | Financial Industry Group