A coalition of the world’s largest engineering consultancies have committed to a new proposed £225 million five-year partnership between industry, academia and government.
Strong growth in Britain’s world-class management consultancy sector is expected to continue over the next twelve months, according to the latest Annual Member Survey from the Management Consultancies Association (MCA). Despite a year of political and economic uncertainty in the UK, MCA member firms estimate growth for the sector was around 8.3% in 2019, slightly above the 7% growth rate the previous year.
The UK’s public sector handed out more than 700 consulting contracts in the seven months of 2019, totalling a value of over £1.3 billion. According to analysis by Consultancy.uk in collaboration with Tussell, while the biggest contracts typically involved the Foreign Office, Brexit was not the only show in town as DEFRA and the MoD also handed out large sums for advisory work.
Clients of professionals services firms, like the world around them, have changed immeasurably over the past decade. Referrals are no longer the preferred way of generating new business; having an online presence nowadays is non-negotiable, as more than 90% of online adults use search engines to find information on the web.
The Crown Commercial Service has commenced the second tender process to award firms a place on its Management Consultancy Framework. Management Consultancy Framework 2 (MCF2) is projected to be worth over £2 billion, and will pertain to business consultancy services; procurement, supply chain, and commercial consultancy services; complex and transformation consultancy services; and strategic consultancy services.