North of England
Our growing team of over 1500 professionals across our five offices in the North work with a wide range of businesses – from fast-growing entrepreneurial start-ups through to large privately-owned businesses, FTSE 350 companies, and many of the world’s leading multi-national organisations.
We provide assurance, tax, transaction and advisory services, and the North is home to a number of centres of excellence. We have a Forensic Investigation hub, a growing law practice, a data analytics hub and new a mobility centre covering immigration, global compensation services and international social security.
Our local insights and global connectivity mean we can provide practical solutions that help businesses grow. From compliance support, to help developing international advice, our knowledge and experience can enable business success.
Rebalancing the economy
We are committed to showcasing the North's strengths, opportunities and potential which make it a vibrant and attractive economy and a destination for business and talent
We work with businesses to understand and respond to issues affecting their growth ambitions; helping them expand and grow
Rebalancing the economy
2019 UK Attractiveness Survey
Our 2019 survey finds the UK remained the number one FDI destination in Europe in 2018, but saw a 13% drop in projects and a decline in investor sentiment.
Trends in foreign direct investment in the UK’s towns
Our October 2019 special report shows the UK's largest cities attracting an ever-greater share of inward investment with little sign of spillover benefit for their surrounding areas.
A complex challenge
EY’s UK Regional Economic Forecast 2018 has found that UK growth is set to be more geographically balanced over the next three years, but there has been little progress towards reducing imbalances in the previous three. Instead, this more balanced growth profile will principally be the result of slower growth in the services sector, rather than other regions ‘catching up’ through improved performance.
The report warns of a weaker outlook for almost every UK region through to 2021, with the outlook for the North remaining mixed:
- The North East is set to have the lowest growth in the country to 2021, with forecasts underlining its dependence on the manufacturing sector.
- Yorkshire and Humber and the North West are expected to see higher growth, although still slightly underperforming against the UK as a whole.
- More positively, Manchester is forecast to remain one of the UK's strongest performing cities to 2021, with its annual employment growth top of the city league tables, and GVA a close second.
However, this highlights another trend we are seeing across the UK as city growth often outpaces that at regional level. Growth between different places within regions is expected to continue to increase, with cities and larger towns pulling away from their smaller neighbours.We believe businesses across the North play a fundamental role in helping understand the scale of the challenge and address its complexities. We are committed to working with key stakeholders across the region to help connect and inform – providing insights and facilitating discussions to help shape and drive change across a shared agenda for stronger, more balanced economic growth.
We’re proud to be a supporting sponsor of the Northern Powerhouse Partnership and a partner of the Cabinet Office’s Northern Powerhouse scheme, helping encourage new policy ideas which will improve the North’s quality of life and economy, and promote it as a place to work, live, study and invest.
Northern Innovation Sprint
Today we are faced with a new reality. A reality in which technology continues to fuel waves of disruption in economies, businesses and governments. With it, comes a once in a generation opportunity to understand how we can solve the now, discover the next and envisage the what’s after what’s next for Northern businesses and the economy.
But how do we as a region seize the opportunity presented by these disruptive technologies to drive transformation and unlock business and economic growth?
We recently brought almost 100 business leaders, investors, entrepreneurs and market influencers together to share their experiences, knowledge and ideas during a sprint of interactive workshops across the North. The Innovation Sprint was about hearing from those experiencing and driving change to draw on their collective experiences to turn innovative thinking into meaningful action.
Common themes emerged around what more the business community can do, as well as the collective ask from government to secure further success for the Northern Powerhouse on the domestic and global stage.
We believe now is the time to drive collective action for the North, using digital technology and innovation – and we look forward to playing a part in helping make this happen.
Fast growing businesses and the entrepreneurs behind them are fundamental to the success and growth of the Northern economy.
We are committed to helping stimulate a culture of enterprise, by celebrating and supporting entrepreneurship in all of its forms. We offer support through networks such as our Entrepreneurs’ Forum and our Business Leader events, to help provide peer to peer interaction and timely insights into hot topics and key business issues. Our Entrepreneur Of The Year programme celebrates the vibrant contribution made by the innovators driving change and transforming the face of business.
Our local insights and global connections mean we are well positioned to help businesses respond to the challenges and issues fast growth can bring. EY Growth Navigator™ is a unique interactive experience that enables you to assess your company’s capability to deliver your growth plans. Our experience means that we understand issues such as growth through M&A, international expansion, and managing regulatory change are top-of-mind for business leaders.
Yorkshire and Humberside Senior Partner
Leeds & Hull offices
+44 (0)113 298 2222