- Home
- >Supporting growth and competitiveness
- >Regeneration for growth
Regeneration for growth
Deloitte is proud to be advising the government on key infrastructure initiatives designed to transform the country’s transport and energy networks with the aim of future job creation and spreading economic benefits from the capital across the nation.
New rail links, such as HS2 and Crossrail, Europe’s largest construction project, are an engine for economic growth and Deloitte is working closely with the government to bring certain projects to fruition.
We are helping design and build the organisation that will deliver the Thames Tideway project, which was set up to transform public health and the environment by reducing pollution into the River Thames. Deloitte has worked with all the major stakeholders, including Thames Water, HM Treasury, Ofwat and Defra on plans for this £4.2 billion, 25 mile-long super drain.
We are also assisting companies responsible for some of the UK’s key infrastructure projects and assets, ensuring the financial stability of their underlying ownership arrangements and advising on complex capital structures.
Our regeneration work extends from these major infrastructure initiatives to our input on key projects that can help address some of the structural issues facing the UK, such as the concern over housing supply.
Case study
Notting Hill Housing Trust: regenerating Southwark
Notting Hill Housing Trust will be the lynchpin in one of the most historically exciting and large-scale projects the capital has ever seen. Over the whole regeneration site there will be a net increase in homes from 2,400 to 4,200.
Focus on the nations and regions
The government is encouraging investment through its Regional Growth Fund and we are working to advertise the benefits of setting up businesses outside of the capital. This year we organised investment roadshows for Indian companies in Manchester, Birmingham, London, Leeds, Bristol and Belfast to promote two-way trade between India and the UK.
Our contribution to economic growth across the nations and regions:
- Accounting for nearly 5,000 jobs outside London in FY14 – over a third of the Deloitte UK total. The practitioners working at Deloitte’s regional offices were responsible for generating almost £470 million in Value Added in FY14 (26 percent of the Deloitte UK total);
- Through these economic links, Deloitte helps to support a further 12,700 jobs and £530 million in Value Added outside London;
- As our regional case studies demonstrate, we enhance the economic impact of our clients across the regions through the services we provide.
More broadly, as we seek ways to build our clients’ growth prospects, we also attempt to find ways to combine this with our vision for a stable and prosperous society for the many not the few. Our involvement in regeneration across the nation should benefit the wider society and our Real Estate team is delivering integrated solutions for the public sector through its property services and financial and business advisory expertise.
Case study
Building the new Belfast
Helping Belfast secure £18 million of lottery funding was just a part of our role in revitalising the city’s Titanic Quarter, one of the world’s largest urban-waterfront regeneration projects.
The UK high street
Our restructuring team is frequently called upon to give advice and guidance on administrations. In FY14 we were engaged on over 100 insolvency-related assignments and helped save thousands of jobs. We were appointed as administrator to iconic London landmark The Gherkin, retailer Paul Simon and directories group Hibu. We bring our market-facing knowledge and understanding from our real estate division coupled with pre-eminent retail specialists to help identify the best strategy for business recovery.
Case study
LA Fitness: shaping Up
Our supervision of the Company Voluntary Arrangements (CVAs) helped the health club chain avoid a full administration – benefiting creditors, members, employees, suppliers and trade partners. Around 1,000 jobs were saved.