Deloitte Announces £25m Fund for Employees’ Start-up

Deloitte is one of the big four accountancy firms around the globe. The global accountancy firm has decided to keep twenty five million dollars separately to finance its workers’ startup businesses.

The workers will be supported through funds and will be allowed to work fully on the progress of their business if the ideas generated by them are liked by the firm.

Deloitte has made this decision with a purpose to retain its talented employees who have been looking to leave the firm so that they can start their own business. The businesses will have a reward system in order to make sure that it is beneficial for both firm and employee/entrepreneur.

The chief executive officer (CEO) of Deloitte, David Sproul, stated that this is the first time that Deloitte has started something like that for its employees and also there is no previous example of such plan in the accounting industry. He said that they are aware that a lot of people are increasingly becoming interested in the idea of trying something different and start their own business. He added that this decision taken by the firm will provide assistance to employees to achieve their ambitions while continuing to be part of Deloitte. It will also allow them to get benefit from skills and reputation of Deloitte.

The managing partner of Deloitte Innovation, Simon Owen, said that our firm has some of the best innovative minds and we want to support them so they can achieve their goals. He added that the combination of this investment with other external investments of firm would be beneficial for our clients, our people and market as a whole.