One source said the Leeds hub would be ‘something substantial’ in terms of the number of staff it would employ. They added that the city was chosen for its transport links and proximity to several universities which specialise in finance and economics.
The Bank, which has been dubbed the Old Lady of Threadneedle Street due to its near 300-year history at its current headquarters, has had operations in Leeds since 1827.
These include a cash distribution centre, which is set to close in 2023 when the lease on the building expires.
But Governor Andrew Bailey (pictured) told the Treasury Committee before his appointment last year that he wanted to ramp up the Old Lady’s presence further outside London.
Dstl to set up Newcastle outpost civilserviceworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from civilserviceworld.com Daily Mail and Mail on Sunday newspapers.
Senedd Election 2021: Plaid Cymru manifesto pledges to scrap A-levels and GCSEs, cut council tax by £200 and independence referendum
The party wants to build on the 12 seats it won in the last election
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Opinion: How investors can get the measure of green projects theengineer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theengineer.co.uk Daily Mail and Mail on Sunday newspapers.
Four reasons why Cumbria could benefit from green recovery plan
Wind farm
A professor at a leading university has earmarked Cumbria as a place “that could really benefit from a green recovery plan”.
The document is co-authored by Nick Robins, professor in practice for sustainable finance at the London School of Economicâs Grantham Research Institute, and Ciara Shannon from Eden Works, a project that looks to drive the move to net-zero.
Cumbria is a county with a strong industrial heritage and unrivalled natural assets, explained Ciara.
The proposed Woodhouse Colliery site near Whitehaven has catapulted Cumbria into the national headlines.