Barclays Plc. has announced its plans to create up to 2,500 more jobs in Glasgow tech hub. The popular UK bank has been working on developing a campus in Buchanan Wharf in order to provide a base for its technology, functions and operations teams, The Guardian reported.
According to Barclays Chief Operating Officer (COO) Paul Compton, this is Barclays flagship project. The first minister of Scotland Nicola Sturgeon admired the project and said, “It would serve as a transformational project for Glasgow.”
Barclays is finalizing the design, development of Buchanan Wharf campus, it would buy the property from Drum Property Group. The bank said the campus will play a critical role in company’s long-term strategic planning and priorities, it will become one of the key global sites for Barclays.
If the company adds 2,500 jobs successfully, it will make Barclays one of the largest commercial employers in Glasgow, the new jobs will double the Barclays workforce in Scotland.
A grant funding of £12.75 million has been given for the project by Scottish Enterprise, however, the agreement funding requires at least 42 percent of jobs falling in high category and at least 341 of total jobs should be offered to disadvantaged candidates or people with disabilities.
The new campus would ignite Glasgow’s financial services sector it will also help in showing that Glasgow’s is a great place for FDI or internal investment. I am excited that Barclays has shown interest to employ local workers as part of this investment who often face constraints in getting high-value jobs, especially young and people with disabilities, said Sturgeon.
Similar to Whippany in New Jersey and Pune in India, the Glasgow campus would become a part of a global strategy to build world-class facilities that can accommodate technology, functions, and operations of our teams in an advanced manner, said Compton.
Barclays said, “The new campus is a flagship project for the entire bank, which stands on Barclays’ long history in Scotland and clearly demonstrates our commitment to supporting the UK economy.”