Written evidence submitted by Deloitte (LRS0070)

Introduction

Deloitte welcomes the opportunity to contribute to the Business, Energy and Industrial Strategy Select Committee’s inquiry on “Levelling Up” as part of its wider work on growth beyond COVID-19. This agenda is a key plank in the future positioning of the UK as a competitive, balanced, inclusive and productive economy and with COVID-19 driving short and long-term structural changes to the UK economy, it is an opportune moment to consider these challenges in the round.

Deloitte works with businesses and public sector organisations of all sizes across the UK and globally, providing consulting, financial advisory, audit, tax and risk advisory services.

Within the UK, Deloitte has a large and growing regional presence, with over 7,500 people across 19 offices outside of London.

Deloitte’s regional presence has grown in recent years and we have invested significantly in in building hubs of specialist skills and services across our UK-wide offices, including in technology in Bristol, cyber security in Reading, FinTech in Edinburgh, digital in Belfast and life sciences in Cambridge. Last year, for the first time, over half of our graduate and apprentice intake joined a non-London office.

Both our client work and our footprint as a large employer in our own rights gives us a perspective on the challenges and opportunities for the UK economy and provides us with insight and experience working with central, regional and local governments and business bodies, which is reflected in this submission.

Of particular relevance to the Committee’s inquiry is the report (Power Up: UK-wide growth) published by Deloitte in 2019. This looked at the role that skills and productivity can play in driving regional growth and featured qualitative interviews with over 50 business leaders, educators, local/regional government leaders in each of the regions and nations of the UK. Its key findings and recommendations, which overlap well with the scope of the Committee’s terms of reference, included:

We hope that the comments contained in this submission are helpful to the Committee and we would be happy to share further thoughts on these topics as useful to this inquiry.

We have drafted our response as a collection of broad observations against each theme, rather than a line-by-line response to each individual question.


Evidence base

 

Local structures

 

Stakeholder engagement

 

Sustainable local economies

 

Targeted regional investment

 

Regional funding

 

Project Speed

 

September 2020