Barclays has unveiled plans to create 2,500 in Glasgow, announcing a new state-of-the-art campus to be built at Buchanan Wharf
The job investment would more than double Barclays’ current workforce in Scotland. Barclays aims to harness cutting-edge technology to create a new and innovative way of working.
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Barclays and Scottish Enterprise
The new hub will house Barclays’ functions, technology and operations teams. To drive more jobs in the market, Scottish Enterprise has agreed to provide a grant of £12.75m ($16.8m) towards the project.
The funding, provided by Scottish Enterprise states that at least 42% of the new jobs will be high value. Furthermore, at least 341 will be for disadvantaged workers or those who have a disability.
Scottish Enterprise is Scotland’s main economic development agency. The organisation works with different companies across the public and private sectors, seeking the best opportunities for Scotland.
Transforming the workforce
Using the most innovative technology, Barclays will be able to deliver significantly better services to its customers and clients. The bank stated that the campus will play a ‘pivotal role’ in Barclays’ long-term strategic priority. It will be one of a small number of key global sites.
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By GlobalDataFirst Minister of Scotland, Nicola Sturgeon has praised the venture:
“This is a project that will be transformational for Glasgow, creating up to 2,500 new jobs in the heart of the city.
“The new campus will strengthen Glasgow’s financial services sector and shows Scotland continues to be a highly attractive location for inward investment.
“I am particularly pleased that as part of this investment, Barclays has committed to employing local people who often face barriers into work, including those with disabilities and young people.”
Buchanan Wharf is a major mixed-use scheme currently being developed by Drum Property Group.
Paul Compton, chief operating officer at Barclays, said: “The Glasgow campus, alongside others in Whippany, New Jersey, and Pune, India, is part of a global strategy to create world-class facilities for our functions, technology and operations teams.
“This new campus at Buchanan Wharf is a flagship project for the bank, which builds on Barclays’ long history in Scotland and clearly demonstrates our commitment to supporting the UK economy. This is a fantastic opportunity to deepen our close ties with local communities and academic institutions to attract and retain the very best talent. It will be somewhere that our colleagues are incredibly proud to work.”
Barclays existing Scottish operations are expected to start migrating to the new campus from 2021.
