Professional services giant EY has revealed plans to create 200 jobs at its Newcastle operations, thanks to the success of its Personal Tax Centre.
The big four auditor plans to expand into the entire second floor of its current Citygate premises on St James Boulevard, adding 200 staff over the next two years.
An additional 11,143 sq ft will accommodate the new staff, which the firm said will include mix of graduates and more experienced candidates.
The Personal Tax Centre (PTC) provides tax compliance and advisory services to firms and individuals.
In October the entire group reported an 8% growth in UK revenue to £1.87bn, and although it did not disclose a regional breakdown of its figures, it said its North East performance was broadly in line with the rest of the company.
At the same time it was announced the regional Assurance division had secured Sage Group as a key client.
The firm’s Newcastle operation, lead by senior partner Mark Hatton, will now span four floors, totalling 42,250 sq ft.
Mr Hatton said: “This investment reflects our substantial ongoing growth in the region and a firm belief in the future of the North East as a great place to do business.
“The extra space will allow us to maintain the rate of growth we have enjoyed in recent years, whilst still providing our people and clients with the high quality office facilities they deserve.
“Newcastle is a great place to recruit, train, develop and deploy talented people who are committed to providing clients with the best possible professional service.”
The first stage of EY’s expansion will see around 100 graduates and experienced tax professionals join the PTC in the next 12 months.
Around 300 people are currently employed at the Newcastle offices, and this number is expected to reach 500 within two years.
Partner Trevor Sherlock, who leads the PTC, commented: “In recent years the PTC has grown to become the market leader in the areas of personal tax compliance and personal tax advisory services for financial institutions and their customers, and this additional office space will enable us to continue to expand.
“The deep talent pool in the North East, which is underpinned by its universities and professional services market, has been critical in helping us recruit the right mix of graduates and experienced people to deliver expansion.
“We have developed a recruitment process which helps give new joiners a strong insight into what it is like to work in the PTC, which has allowed us to bring in and retain the right people. This process remains vitally important as we aim to recruit a further 100 staff over the next year.”
EY’s Personal Tax Centre (PTC) in Newcastle was established in 1997 and is one of two centres, including Exeter.
Globally, EY posted revenues of $27.4bn, in its 2014 financial year.