Bank of England to shift Leeds operation to Capitol House
Construction work on a new base for the financial institution is due to start next month, with the move to Bond Court set for late 2028.
The Bank has secured a long-term lease at the Bond Court building, which is owned by Evans Property Group, and will eventually replace its existing base at Yorkshire House.
The new office will support the Bank’s growing presence in Leeds, with around 300 colleagues currently based in the city.
Forming part of the Bank’s wider Location Strategy Programme, the move also includes the refurbishment of its Threadneedle Street headquarters in London. The programme is designed to allow the Bank to consolidate its property footprint in the capital by the end of 2028.
The new Leeds premises will provide space for the Bank to carry out key central banking functions from both London and Leeds, while strengthening its links with organisations across West Yorkshire and the wider region.
The move comes as Leeds continues to target growth in its financial and professional services sector, which accounts for around 40% of the city’s GVA. The city has an ambition to double growth in the sector and create 50,000 new jobs, with fintech identified as a particular area of focus.
The Bank said its expanded Leeds presence would allow it to draw on regional talent and deepen its understanding of local economies, businesses and communities.
Governor of the Bank of England, Andrew Bailey, said: “The Bank’s new office in Leeds is an important milestone in our long-term commitment to the city.
“We have seen first-hand the value of the exceptional talent, expertise, and fresh perspectives that Leeds and the wider region offer.
“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, Mayor of West Yorkshire, said: “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.
“Home to a world-leading financial and professional services sector backed by an extraordinary pipeline of local talent, national and international institutions alike are looking to West Yorkshire as the place to invest and grow.”
Cllr James Lewis, leader of Leeds City Council and Deputy Mayor of West Yorkshire, said: “The partnership between Leeds and the Bank of England stretches back nearly 200 years, we’re proud that their commitment to Team Leeds continues to flourish in 2026 and beyond.
“The new Leeds premises for the Bank of England adds yet more strength to our Northern Square Mile – the largest centre for financial and professional services outside of London.
“Together, we will continue to build on this institutional strength, doubling the rate of growth in this sector over the next decade and fuelling our ambition to be a place where we reduce poverty and inequality for everyone across West Yorkshire.”
Robert Marshall, managing director of Evans Property Group, said: “We are delighted that the Bank of England has selected Capitol House as its new home in Leeds.
“Over the past six months, Evans Property Group and the Bank of England have worked collaboratively to reach this important milestone, and we are proud to support the Bank’s continued commitment to the city and wider region.
“Capitol House will provide a best-in-class workplace designed to meet the Bank’s long-term operational requirements while contributing positively to the ongoing regeneration and growth of Leeds’ financial district. We look forward to continuing our close partnership with the Bank of England as this exciting project progresses, with construction works due to commence in October.”
