Accountancy firm, PwC, has announced its new, five-year strategy which includes a planned investment of £1.5million in its Douglas operation.

Entitled ’The New Equation’, the global strategy includes plans to allow PwC Isle of Man to meet the specific needs of its clients.

These will focus on a number of areas including a continuing commitment to invest in helping clients and their employees to prepare for change brought about by advances in technology and digitalisation. In 2020 PwC Isle of Man invested more than 2,000 hours in digitally upskilling all their people and will continue to invest over the next five years to deliver solutions that are human-led and tech-powered.

PwC has also committed to building an even more inclusive and diverse workforce. In 2022 PwC Isle of Man will invest more than 1,000 hours in inclusion and diversity training for all employees.

The Isle of Man firm actively supports the global commitment to become net zero by 2030. The firm is committed to continue on the progress already made over the last five years which has included decarbonising elements of their supply chain and installing air source pumps for heating.

Nick Halsall, senior partner at PwC Isle of Man said: ’We will continue to evolve our ways of working, and expand our capabilities in the areas that matter most for the future, while remaining steadfast in our commitment to quality. We are supportive of the Isle of Man government and businesses in addressing societal issues, such as the growing need for upskilling and climate change. Our new strategy and commitments are not only about helping our clients and people to be fit for the future, but about helping island businesses to address their toughest challenges and delivering for society and the planet.’