PwC creates new team to support overseas-owned businesses in the Midlands
PwC has launched a new team dedicated to supporting international companies doing business and investing in the Midlands region.
The professional services firm’s new ‘Midlands inbound team’ will focus on helping overseas-owned companies navigate the complexities of doing business in the region, whether they have existing operations here already, or are seeking to enter the UK for the first time.
The new multi-disciplinary team has been set up in response to the changes in the international environment that will impact on businesses operating in the UK.
For example, EU audit reform legislation, which came into force in 2016 and has left many businesses needing to urgently find alternative advisers to their auditors to advise them on business, financial and tax matters.
The UK’s decision to leave the EU has also created a period of uncertainty for the business community, with many companies currently trying to assess the likely impacts on their business.
The team brings together around 185 of PwC’s experts and will be led by Lucy Redding, with support from Dan Brew, Alex Hudson, Matthew Walker, Alan Carroll, Rebecca Ord and Sree Gaddamanugu, who are based across PwC’s three offices in the Midlands region, in Birmingham, Castle Donington and Milton Keynes.
Lucy Redding, partner at PwC in the Midlands, said:
“The region has historically attracted high levels of inward investment from overseas businesses, with 975* foreign direct investment (FDI) projects in the Midlands over the past 4 years.
It’s important that we continue to promote and support the Midlands as a place for overseas companies to do business against a global environment of unprecedented change.
“Our new inbound team brings together our skills and knowledge from all areas of our business and across all of our offices in the Midlands region, drawing on expertise from our global network.
“We advise businesses on a broad range of areas relevant to international companies doing business in the UK. Currently our clients are requesting most assistance in the areas of complex tax, employment, regulatory, cyber and financial reporting issues.”