Bankers from Kleinwort Benson met with business leaders and owners at the Hotel du Vin in Birmingham at an event held to acknowledge the private bank’s growing presence in the region.
The event saw special guest Paul Faulkner, chief executive of Greater Birmingham Chamber of Commerce, chair a discussion about the reasons for the strides taken by the Greater Birmingham region.
He praised “the unique business environment which enables entrepreneurs in the area to prosper”.
Paul Bentley, who looks after entrepreneur clients for Kleinwort Benson, said the bank had seen its business in Birmingham and the West Midlands grow by more than 30 per cent in the last year.
He said: “We have noticed so much more business coming to us from Birmingham, particularly in the property and technology sectors.
“We believe this is testament to the fact Birmingham is showing its mettle as the UK’s second city and entrepreneurialism is really flourishing there.”
According to Kleinwort Benson research, there are close to 400 businesses making more than £2 million in profit each year in Birmingham – the second highest number of any UK city.