Local Futures Group is a research and strategy consultancy which provides geographical perspectives and data analysis of economic, social and environmental factors. It’s addition to the firm concides with the launch of a new place analytics service at the mid-tier firm.
It was launched in 1997 and has a core team of eight professionals and eight associates.
The team will join GT immediately in its London Euston office.
Grant Thornton says the acquisition will support its strategy to provide “holistic business advice for private and public sector clients” and “part of the firm's growing analytics services”
Phillip Woolley, partner at Grant Thornton UK, said, "For organisations in both the private and public sectors, the ability to make informed decisions based on robust and comprehensive data-driven insights has never been more important. The analytics expertise which the Local Futures Group brings truly complements our solutions-driven approach to working with clients, and our major growth programmes such as GrowthAccelerator.
"Local Futures Group's work in economic development and growth, in particular, sparked our interest in exploiting the synergy between our growth products. As organisations in both the public and private sector pursue strategies for growth, tools such as Place Analytics, which can offer a comprehensive picture of the socio-economic drivers in a location, can go a long way in helping organisations frame their strategy, products and services to customers."
Grant Thornton's consulting division has been a key focus for the firm. Last year it bought the UK financial services advisory arm of consultancy Navigant, bringing in particular expertise in retail financial services and challenger banks. It tallies with the trend seen across the accountancy profession, where consultancy fees have consistently outperformed the other service lines.