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Context
What happened: The Bank of England has secured a new long-term premises at Capitol House in Bond Court, Leeds, as part of its commitment to build its regional presence.
Key numbers: Just under 300 colleagues are based in Leeds. Construction is due to commence in October, with the Bank planning to move in late 2028.
Why it matters: The Bank says the office strengthens its UK-wide presence and connection to local economies. Leeds officials call it an endorsement of the region's financial sector.