Your business in brief?
EY is the largest professional services firm in Scotland, employing 1,000 people across our four offices in Aberdeen, Edinburgh, Glasgow and Inverness. In total, there are 34 partners in Scotland, 15 of them working in the financial services industry.
Across the business landscape, the rapid pace of technological change is a key priority. This is particularly relevant in Edinburgh, which is home to an internationally renowned tech sector and leading universities.Sue Dawe, head of financial services in Scotland, EY
We’re in a strong position to respond to and embrace the challenges and opportunities currently facing business, including regulatory recalibration, disruptive innovation such as fintech and the new business considerations brought about by the EU referendum result – as well as the possibility of a second referendum on Scottish independence.
UK fee income grew 7% to more than £2bn for the year ending 1 July 2016, taking our compound annual growth rate over the last five years to 8%.
What presence do you have? Why expand?
By the end of 2017, we’ll move our Edinburgh base to a bigger, state-of-the-art office in the heart of Edinburgh’s financial district.
Our new office, on the third floor of the Atria One building on Morrison Street, will be 26% larger than our current location on George Street. We’ll have 32,000 sqft in Atria One, where up to 620 employees can be accommodated on one floor. This contrasts with George Street, where we have 25,500 sqft and 450 employees split across three levels.
This expansion and upgrade in real estate is driven by the success of our business across all service lines and sectors. The growth includes EY’s financial services practice in Scotland, which has gone from strength to strength in recent years. This office move puts us in poll position to continue that momentum.
What new jobs, roles or services will be created?
It’s an exciting time for EY in Scotland. Our expansion in Edinburgh shows our confidence in the Scottish economy and is testimony to the strength and commitment of EY to the country.
Across the business landscape, the rapid pace of technological change is a key priority. This is particularly relevant in Edinburgh, which is home to an internationally renowned tech sector and leading universities. At EY, we constantly review the skills and experience required to deliver the best service to our clients. We’ll look for skills that help us to meet client needs in an environment which is rapidly changing, particuarly due to disruptive technologies.
As well as employing talented people, we’re committed to providing a great working environment. The new office is part of EY’s global “EY@Work” transformation, which provides modern office space supported by the latest technology, design and environmental standards.
The office in Atria One will be designed around how people work, not where they sit, and provides a variety of flexible spaces designed for activity-based working. Employees will be able to choose which space to use based on the task they are doing that day, from desk based working to collaborative ‘zones’ to share ideas.
What's the vision for Edinburgh / Scotland?
In Edinburgh and across Scotland, the ambition for EY is to continue to grow our business across all service lines and sectors through successful relationships with our clients.
The new Edinburgh office reflects the firm’s dedication to our Scottish clients and signals the strength of our teams in Scotland. We have operated in Scotland for a long time and have built up an extensive client base of leading businesses from SMEs to PLCs.
Fintech is a core area of focus for the financial services sector – especially in Scotland, where we have the potential to be a world leader in this space. The Scottish financial services industry has a real opportunity to work with our world-class universities to attract and retain the best talent to build the legacy of our industry.
If you would like to find out more about how we can help you and your business establish, relocate or expand within the city region, or would simply like more information about what Edinburgh has to offer, get in touch today.