Skyline Global Outsourcing Update

The UK is in danger of losing its crown as Europe’s largest outsourcing market, despite reports from channel players of an uptick in “co-sourcing” deals. France, Germany and Sweden moved ahead of the UK for the first time in Q1, based on the total contract value (TCV) of large commercial outsourcing deals, according to sourcing data and advisory firm TPI.

UK TCV almost halved year on year to €800m (£691m) in the three months to March, compared with more than €1bn in Germany and almost €2bn in France. TPI president Duncan Aitchison said the UK was hit by the lack of large restructuring and renewal contracts during the quarter. But he argued the country’s long-term status as the rich man of European outsourcing was under threat.