Bank of England to open 'milestone' Leeds office

The Bank of England is set to open a new Leeds office.

Britain’s central bank has secured a long-term site at the city’s Capitol House.

Bosses say the move will help house its “growing headcount” in the city and replace a present base at Yorkshire House.

The Bank, which is headquartered in London’s Threadneedle Street, has just under 300 staff in Leeds, but previously announced plans to expand the number to at least 500 by 2027.

It is set to move to Capitol House, in Bond Court, in late 2028.

Bank governor Andrew Bailey said: “The new office in Leeds is an important milestone in our long-term commitment to the city.

“Moving to Capitol House strengthens our presence across the UK and helps ensure the Bank better reflects and represents the people, businesses and communities we serve.”

Tracy Brabin, West Yorkshire mayor, added: “The Bank of England putting down even deeper roots in Leeds is a powerful endorsement of our Northern Square Mile, and signals a national belief in our region’s economic future.”

The Bank’s Leeds expansion comes as part of an overhaul of its office footprint, which is set to see it refurbish its historic London Threadneedle Street hub and reportedly shut a nearby Moorgate site.

The Bank first opened a Leeds branch in 1827 under Thomas Bischoff, who was its first agent.

It has 12 agencies across the UK, operating from a network of offices in Belfast, Birmingham, Bristol, Cardiff, Fareham, Glasgow, Leeds, Manchester, Newcastle and Nottingham.

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