LONDON, April 22 (Reuters) - The Bank of England said on
Thursday it plans to open a "northern hub" in England, as part
of a drive to make the central bank less London-centric.
The BoE said it intends to locate the hub in Leeds, the
largest city in Yorkshire, where a cash distribution centre is
slated to close in 2023.
"Having a greater proportion of our workforce located
outside London and the South East will better enable us to
support our mission," Governor Andrew Bailey said in a
statement.
The BoE also said it plans to expand its staff presence in
other parts of the United Kingdom. It is conducting a review to
look at the number of staff involved and the timescale.
The central bank's move follows the finance ministry's move
to relocate some operations to Darlington, a town in the north
east of England, as part of a government plan to make good
Britain's poor record of regional investment.
The BoE had regional branches for more than 150 years before
they closed in the mid-1990s, although it maintained a network
of representatives across the country, known as agents.
(Reporting by Andy Bruce; editing by James Davey)