Bank of England plans expansion in Leeds

The Bank of England is on the hunt to significantly increase its office footprint in Leeds. The bank, which has been present in the city for 200 years, is currently based in Yorkshire House in Leeds, with office space for just 70 staff. However, it has committed to grow its presence to have at least 500 staff based in Leeds by 2027. Governor of the Bank of England Andrew Bailey said: “Leeds is a thriving city where the Bank of England has had a significant presence for over 200 years. “Committing to a permanent, expanded Leeds office is a fantastic opportunity for us better to represent the public, build stronger links with the local business community and help promote the work of the bank to a wider pool of talented workers.” The headcount target will be achieved through a combination of voluntary internal relocations and new Leeds-based recruitment. The bank will look to maintain its overall current headcount number, while expanding its numbers in Leeds. West Yorkshire mayor of Tracy Brabin said: “This decision from the Bank of England is a major vote of confidence in our region, cementing our reputation as England’s leading banking capital outside of London, and opening up hundreds of local jobs for our talented graduates and professionals.” James Lewis, leader of Leeds City Council, added: “This move further reinforces the city’s progress and influence and showcases the strength of Team Leeds and the partners across the private and public sectors, that come together to deliver brilliant results in a truly collaborative way, for the best impact on our residents.” The Bank of England first announced plans to create a new northern hub as part of an ambitious plan to significantly increase its staff presence outside London in April 2021. It moved in to Yorkshire House in October last year. Check out lettings in Leeds >> Photo © Benjamin Elliott/Unsplash