Bank of England Expands Presence in Leeds with New Office
The Bank of England is expanding its presence in Leeds by opening a new office at Capitol House in Bond Court. This move comes as part of an effort to increase its workforce in the city from just under 300 staff members currently, to at least 500 by 2027. The new location will replace the bank's current office at Yorkshire House and is expected to be fully operational by late 2028.
The Bank of England governor Andrew Bailey stated that this move marks an 'important milestone' in their long-term commitment to Leeds, citing the value of the city's talent, expertise, and fresh perspectives. He added that moving to Capitol House will strengthen the bank's presence across the UK and better reflect the people, businesses, and communities they serve.
The expansion is part of a larger overhaul of its office footprint, with plans to refurbish its historic Threadneedle Street HQ and reportedly shut the nearby Moorgate site. The bank aims to consolidate its property footprint in London by end-2028 through this location strategy programme.