Scotland. Barclays has announced plans to create up to 2,500 jobs in Glasgow
Barclays has announced plans to create up to 2,500 jobs in Glasgow. The bank is developing a campus in Buchanan Wharf to provide a base for its functions, technology and operations teams. Paul Compton, the chief operating officer, said the development was a flagship project. Barclays’ campus will located on the banks of the river Clyde in Glasgow. Scotland’s first minister, Nicola Sturgeon, said the initiative would be “transformational” for Glasgow.
The bank has agreed to buy the Buchanan Wharf campus development from Drum Property Group and the pair are collaborating to finalise the design.
Barclays said the campus on the banks of the river Clyde would play a pivotal role in its long-term strategic priorities and would be one of a small number of key global sites.
The hub will be able to accommodate up to 2,500 additional roles, doubling Barclays’ workforce in Scotland and making the bank one of Glasgow’s biggest commercial employers.
Scottish Enterprise has provided £12.75m of grant funding for the project. The funding agreement requires at least 42% of new jobs to be high value and at least 341 will be for disadvantaged workers or those who have a disability.
Sturgeon said: “The new campus will strengthen Glasgow’s financial services sector and shows Scotland continues to be a highly attractive location for inward investment.
Source: The Guardian