Bank of England announces new office space in Leeds

The Bank of England has secured a new long-term office in Leeds at Capitol House in Bond Court, marking a significant step in its regional expansion. The modern premises will support collaboration and innovation while enabling the Bank to deliver central banking functions from both London and Leeds. The move will accommodate the Bank’s growing workforce in the city and eventually replace its current base at Yorkshire House, reinforcing its operational footprint in West Yorkshire.

The new office aims to strengthen the Bank’s connections with organisations across the region, deepening its understanding of local economies through its Agency network. With nearly 300 staff already based in Leeds, the Bank highlights the city’s talent pool as key to better reflecting the communities it serves. The relocation underscores the Bank’s commitment to embedding voices from across the UK in its decision-making processes.

Bank of England Governor Andrew Bailey stated that the new Leeds office reflects the value of regional talent and expertise, reinforcing the Bank’s presence across the UK. The move is framed as a long-term investment in the city, supporting the Bank’s goal of ensuring its work represents diverse perspectives from all regions and nations.

Leeds City Council leaders welcomed the Bank’s decision, citing the city’s financial sector strength and talent pipeline as key factors. The council emphasised the economic benefits of the relocation, positioning Leeds as a growing hub for national and international institutions. The new premises at Capitol House are expected to contribute to the ongoing regeneration of Leeds’ financial district, with construction set to begin in October.