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www.glasgowchamberofcommerce.com 7 INVESTMENT


Barclays’ business boost


An architectural image of the Barclays’ new campus at Buchanan Wharf, Glasgow


B


arclays’ plans to develop a new campus for its banking operations and technology teams at Buchanan Wharf,


Glasgow, was one of the best pieces of news for the city over the summer. First Minister, Nicola Sturgeon, hailed the project as ‘transformational for Glasgow’, creating up to 2,500 jobs in the heart of the city. She said: “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.” A world-class working environment will help the bank deliver outstanding services to customers and clients by fostering innovation and collaboration.


The campus will play a pivotal role in the execution of Barclays’ strategic priorities and will be one of a small number of key global sites. Barclays has agreed to purchase the


site from Drum Property Group and is working to finalise the design of the facility as part of the wider Buchanan Wharf development. Once completed, the campus will be able to accommodate up to 2,500 additional roles, doubling Barclays’ current workforce in Scotland. Scottish Enterprise has agreed a funding grant of £12.75m, and Glasgow City Council has been instrumental in turning the initial proposal into a viable scheme. 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


This announcement is of historic importance to Glasgow as we welcome


the single biggest inward investment to have ever come to Scotland


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.” Councillor David McDonald, Deputy Leader of Glasgow City Council, said: “This announcement is of historic importance to Glasgow as we welcome the single biggest inward investment to have ever come to Scotland. This development on the banks of the Clyde at Tradeston will see a huge amount of Grade A office space, new homes and new jobs coming to the city centre. “This project – which is truly on an unprecedented scale – is a game-changer for Glasgow, and will transform not only Tradeston and this part of the waterfront, but our wider economy as opportunities become available for the people and business of the city and those wishing to invest here. We are delighted with this decision by Barclays and I am pleased that the efforts of all those who have worked so hard and long to bring this enormous and fantastic project to Glasgow have been rewarded.”


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