Barclays officially opens a new financial hub in Glasgow

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Barclays officially opens a new financial hub in Glasgow

Banking giant Barclays has officially opened a new financial hub in Glasgow.

Its campus in Tradeston, adjacent to the River Clyde, will house technology, operations and functions teams, bringing new high value roles to the City.

It aims to bring together around 5,000 personnel at the 500,000 square foot site by 2023.

The campus includes indoor and outdoor spaces for community events.

A curated space has been created for social enterprises and local entrepreneurs to sell and showcase their products to the public.

Amenities will include wellbeing facilities, street food market and community exhibition areas, along with a health center/libraries.

The campus contains five buildings, three of which are new. Two historic buildings, the BECO Building and Clyde Place House were restored for public use.

The move was the latest step in Barclays' global location strategy for bringing teams closer together to drive innovation and collaboration.

It is currently working with universities in Edinburgh to develop a robust pipeline of graduate and apprenticeship opportunities.

Barclays chief executive says: This campus will give us a competitive advantage through its technology and capabilities and help us attract the best talent to drive our business forward.

We wanted to create something so transformative that would have a lasting impact on Glasgow, its people and local economy.

Glasgow is a world leader in financial services and the UK plays an important role. With this investment we are increasing the strategic importance of the city to our futures. Nicola Sturgeon said that the opening of the campus marked one of the biggest investments done in Scotland.

She added: It is a real statement of confidence in the talent and skills of our people and reinforces Scotland's status as a world financial hub.

It will contribute to the sustainable regeneration of a historic section of the Clyde Waterfront and provide employment opportunities for local people and those who have faced barriers into work, including people with disabilities and school leavers. Scottish Minister of Finance called it as a great new campus With decades in the business and financial sectors, I know what an attractive option Scotland represents for global investment and this new flagship hub underlines that, he added.