Small firms support

KPMG signs up to work with tech firms at Clockwise


Glasgow is sharing the tech boom


KPMG is basing a group of advisers in a city-based co-working space to work alongside early stage tech-focused businesses.

The Big Four firm is offering support to firms at the Clockwise centre as well as those on the TechX accelerator programme in Aberdeen which is working with the Oil and Gas Technology Centre to support innovative new businesses looking to capitalise on the recovery of the sector, and its shift towards data and tech-driven growth.

Clockwise, based at 77 Renfrew Street, opened in 2017 following an extensive refurbishment of office-space above Glasgow’s former Savoy Shopping Centre. The project has revitalised the building and the city’s co-working culture, shifting away from the traditional serviced office model, towards a more innovative environment, where new business leaders can work, learn and grow together.

The building is owned by Castleforge Partners, which has also refurbished The Garment Factory and 58 Waterloo Street in Glasgow.

One of the most prominent tenants is CodeClan, the digital skills academy which moved into the building in the Savoy Tower from council-operated The Tontine last month.

Scotland has witnessed a sharp increase in the number of fast-growth-focused start-ups, helping to boost the technology sector, which now employs more than 48,000 people and contributes over £4bn to the Scottish economy.

Data from the latest Global Co-working Survey highlights the scale of growth in the industry, with the number of desks hired to start-ups rising by an average of over 20% every year.

Catherine Burnet, senior partner at KPMG in Scotland, commented:  “Scotland’s economy is going through a period of rapid change, with more and more entrepreneurs embracing disruptive innovation and focusing on developing their own high-growth businesses.

“KPMG has traditionally built relationships with large, established businesses, and that will continue to be a major focus for us, but we’re keen to play our part in shaping the new, future economy.”

General Manager at Clockwise, Lesley Anne Jeffery, helped launch the hub in 2017 and has witnessed its rapid growth. With demand now outstripping supply, the hub now takes up ten floors and more than 70,000 square feet of collaborative space.

She said:  “From the first day we opened our doors in Glasgow, we’ve worked hard to move away from the traditional image of slightly soulless serviced offices. The Clockwise approach is all about building a community of entrepreneurs, start-ups and freelancers, who can learn from each other, network and grow together.

“Ultimately, everything we do here is about collaboration, and that culture fits perfectly with KPMG’s values.”

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