PwC invests in new cyber security hub in Cardiff

23 March 2022 1 min. read
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Cardiff is set for a major investment boost, as Big Four firm PwC looks to create hundreds of new jobs in the area. The news comes as the advisory and accounting giant launches a new cyber security operation in the Welsh capital.

Wales is an important part of the UK’s economy, with a growing hub of start-up tech businesses residing in the devolved nation. PwC has a thriving presence in Wales that has long worked to support this sector – with over 260 highly qualified staff dedicated to providing clients with exceptional levels of service and advice, from its office in Cardiff.

As PwC looks to further support Cardiff’s business community, the firm has announced it will launch a new cyber security locale there. The firm is understood to be assessing a number of locations in the capital for an up to 100,000 square feet office requirement, to that end.

PwC invests in Cardiff cyber hub

The chosen site is also expected to house PwC’s existing staff in the Welsh capital, who will relocate from its 1 Kingsway office scheme. PwC’s current lease at the city centre building expires in 2025 – which could tie in with the planned opening of its new investment.

Options are understood to include a new office build on land that the Welsh Government owns, on the south side of the Callaghan Square office scheme close to Cardiff Central Train Station. As reported by Wales Online, “the land was acquired by the Welsh Government in 2013, ironically as it is believed at the time that former owner MEPC was dragging its feet on development.”

PwC is not the only member of the Big Four to be scaling its operations in Cardiff. Deloitte currently operates with 930 staff spread across three offices in Cardiff’s city centre, at Callaghan Square, Fusion Point and 6 Park Street, where the firm’s delivery centre team of 720 is based. The headcount of the offices are likely to speed past 1,000 this summer, and according to Deloitte’s Senior Partner for Wales, Wayne Harvey, could grow to a further 1,500 by 2023.