Bank of England Expands Presence in Leeds with New Office

The Bank of England has secured a new long-term site at Capitol House in Bond Court in Leeds, where it will open a new office in late 2028. The move is part of the bank's expansion plans for the city, which include increasing its workforce from around 300 to at least 500 by 2027.

According to Bank governor Andrew Bailey, the new office will help strengthen the bank's presence across the UK and ensure it better reflects and represents the people, businesses, and communities it serves. This expansion comes as part of an overhaul of its office footprint, which includes refurbishing its historic Threadneedle Street HQ and reportedly shutting the nearby Moorgate site.

Tracy Brabin, Mayor of West Yorkshire, welcomed the move, stating that it will help boost growth across the regions and ensure that the future of the national economy is shaped by voices from across the UK's regions and nations. The bank first opened a Leeds branch in 1827 under Thomas Bischoff.