Ernst & Young announces £75m growth plans for consulting business
Ernst & Young (EY) has revealed plans to double the size of its UK and Ireland (UK&I) consulting practice in the next four years, backed by £75m of investment. This is in addition to the £95m that the firm has already invested in its consulting practice since 2020.
The substantial growth plans will see EY Consulting in the UK & Ireland increase its headcount from 5,100 to around 10,200 people by 2026. More than half of the new roles will be based outside of London, in cities including Manchester, Glasgow, Edinburgh, and Birmingham.
The expansion is being fuelled by increasing demand from clients implementing large-scale, strategic transformation programmes, enabled by technology, data, and people.
Alison Kay, EY UK&I Managing Partner for Client Service, commented: “In recent years, organisations in both the public and private sector have been grappling with a convergence of challenges, from the global pandemic, climate change, geo-political uncertainty, and operating in a post-Brexit world.
“At EY, we are investing heavily to upskill and expand our workforce, to meet the demand from businesses embarking on transformation projects, to ensure they remain competitive, keep pace with change, and navigate ongoing market challenges.”
Benoit Laclau, Managing Partner for Consulting at EY in the UK & Ireland, who was appointed in May 2020, commented: “The strong market demand for consulting services is giving us the confidence to invest at scale – £95m so far and £75m planned this year alone – and to grow our headcount. There is real competition in the labour market for top talent, and we are proud of the progress we have made to date.”
To fuel the ambitious growth plans, EY will be recruiting across all levels, from the Partner level through to graduates and school leavers.
As well as providing access to professional qualification courses for relevant employees – including Chartered Accountant (ICAEW), Chartered Management Accountant (CIMA), and Chartered Management Consultant (CMI) qualifications) – EY is specifically investing in its workforce’s technology skills.