Bank of England to relocate Leeds staff to new Capitol House headquarters

The Bank of England announced that it has secured a new long-term premises at Capitol House in Leeds, marking a key step in its plan to expand its Yorkshire presence. The move will eventually replace the existing Yorkshire House base and is designed to foster collaboration and innovation across the bank’s London and Leeds offices. With more than 240 employees already in the city, the institution aims to hit 300 staff by the close of 2026 and reach a total of 500 by 2027, largely recruiting locally.

Bank Governor Andrew Bailey highlighted the value of regional talent and the importance of reflecting diverse UK voices in monetary policy. Local leaders, including the Mayor of West Yorkshire and the Leader of Leeds City Council, praised the decision as a boost for the region’s financial sector and broader economic growth. Construction on the new office is slated to begin in October.