Barclays plans 2,500 new jobs in Glasgow tech hub

Barclays is set to create up to 2,500 jobs at its new Glasgow tech hub, doubling its current workforce in Scotland.

The lender is developing a campus in Buchanan Wharf as a base for its functions, technology and operations teams, with the move expected to boost Scotland’s financial services sector and to "play a pivotal role" in Barclays' long-term strategic priorities, Barclays said.

Scotland's first minister, Nicola Sturgeon, said the investment would be "transformational for Glasgow", strengthening its financial services sector.

Barclays has purchased the campus development from Drum Property Group and is finalising the design for the new facility as part of a wider development. The bank’s existing Scottish operations are expected to transfer from 2021.

The project has been granted £12.75m by Scottish Enterprise which requires that at least 42% of the new jobs are of "high value", and at least 341 posts made available for disadvantaged workers.

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."