Latest data has shown that opportunities for highly skilled accountants working outside of the capital has increased by 27% in the last two years.
According to the report carried out by Global Accounting Network, the main reason for this is due to more and more businesses looking to either relocate or expand out of London.
Adrian O’Connor, founding director at Global Accounting Network, said, “News of Channel 4’s intention to move 300 of its 800 staff to new national HQ and two smaller broadcasting hubs outside of the capital is a high profile-example of a widespread trend for regionalisation. HSBC has now relocated its headquarters for UK retail and commercial from London to Birmingham, while AstraZeneca moved its global HQ to Cambridge last year.
“Organisations are clearly re-evaluating where they need to be geographically, and many are looking outside of London to take advantage of lower overheads while tapping into fresh talent pools.”
He added, “While the majority of companies choose to retain a presence in the capital, many back office functions, including accounting teams, are moving further afield. This is great news for finance professionals, who are seeing greater scope to step into a high-quality, senior role closer to home – without compromising on the career opportunities and benefits that typically come with working for a large high-profile employer.”
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