A new Barclays campus is to be developed at Buchanan Wharf, Glasgow, creating 2,500 additional jobs in the area.

The facility will provide a state-of-the-art workplace for the bank's functions, technology and operations teams.

Scottish Enterprise reached an agreement with Barclays for a funding grant of £12.75 million.

Barclays has agreed to purchase the development from Drum Property Group, with work ongoing to finalise the design of the facility. The Barclays campus will also be an addition to Drum Property Group's Buchanan Wharf major mix-use scheme. The scheme is one of Scotland's largest single-site construction projects, building over a million feet of Grade A office space with residential accommodation, and a mix of amenities and landscaped public spaces.


First Minister of Scotland, Nicola Sturgeon 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."

Scottish Enterprise and Barclays have committed to the appointment of at least 341 disadvantaged workers or those who have a disability.

Councillor David McDonald, Deputy Leader of Glasgow City Council, added: "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."

(CM/MH)