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4 June 2013 | Andrew Allen
Management consultancy firms’ incomes grew by 7 per cent in 2012, according to the Management Consultancies Association (MCA).
Financial services contributed the largest share of consultancies’ private sector fee income (40 per cent). The two sectors that grew most rapidly in 2012 were construction and transport (up 31 per cent) and retail (up 25 per cent).
Manufacturing companies spent less on consultancies in 2012 than in 2011. HR consulting had also declined. Services most in demand include financial systems and analysis, operational performance, project management and information technology.
The MCA also said smaller, more specialist firms were increasingly winning public sector business, particularly from central government, the NHS and local government. This finding coincides with the launch of the government's new ConsultancyONE framework. The framework means consultancy requirements between £100,000 and £2 million will now be managed through a single buying team in the Government Procurement Service.