Deloitte Continues to Invest in Scotland as Revenues Soar
Deloitte plans to continue to invest in Scotland’s digital future amid rising revenues.
Deloitte Scotland has revealed it plans to continue its focus on supporting technology and its associated sectors, a decision that is underpinned by its growth across Deloitte Digital, Fintech and Cyber teams in Scotland.
The statement of intent comes as the firm posted a 12.9% increase in revenue, while Deloitte UK & Switzerland announced an increase of 10.9% in the year ended 31 May 2019, up from £3.58 billion to £3.97bn.
With 109 new people joining its offices in Edinburgh, Aberdeen and Glasgow, the firm has demonstrated its commitment to Scotland. This figure includes both graduates and BrightStart apprentices, Deloitte’s programme for school-leavers.
Starting with only eight team members, Deloitte Digital has expanded its staff to 30 and this is expected to double in size by 2021. Led by Gareth Edwards and Debbi McLean, the team is focused on how digital can simplify and augment human experiences without adding complexity to ensure technology clients use is additive to both them and their customers.
With Edinburgh set to become the data capital of Europe, the company has expanded both its Fintech and Cyber teams significantly.
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James Turpie, director of Cyber Risk, said: “Our drive is to continue attracting high calibre talent as well as investing in the future of the cyber profession through recruitment, training and development at all levels from graduate to the top.”
Steve Williams, senior partner for Deloitte in Scotland and Northern Ireland, said: “It’s been a hugely successful year for the firm in Scotland, as we have continued to expand and bolster our offering, particularly across the digital technologies sector.
“This is shown by the incredible growth of both Cyber and Deloitte Digital and speaks more widely to the vital role that these industries play across the region. In the coming year, our goal is to continue recruiting and developing these areas of the practice.”
Overall, Deloitte’s One Million Futures strategy, which was launched three years ago and focuses on skills, education and inclusion, has made an impact on more than 890,000 people.
In Scotland, Deloitte supports Children 1st, Aberdeen Foyer and Move On while Social Bite joined a new cohort of eight social enterprises focused on creating employment opportunities for disadvantaged groups. The company also holds an annual Datathon as a fringe event at Datafest, which helps encourage innovative uses of data for the betterment of society.
The firm’s total tax contribution was £1,057m in 2019. This comprised £638m of taxes collected on behalf of HMRC (VAT, PAYE and employee national insurance) and £419m of taxes borne by the firm (partner income taxes, national insurance, corporation tax and employer’s national insurance).