JPMorgan Chase to build new technology base in Glasgow

CGI of JPMorgan Chase's planned new technology centre in GlasgowImage copyright JP Morgan Chase
Image caption The 270,000 sq ft constructing will home the corporate’s present 2,000 tech employees in Glasgow

US monetary companies big JPMorgan Chase has unveiled plans to build a new multi-million pound base for its technology operations in Glasgow.

Planning permission has been granted for a 270,000 sq ft constructing in the center of Glasgow’s International Financial Services District (IFSD).

It will home about 2,000 technology specialists at the moment unfold between two different areas in the town.

The 13-storey constructing in Argyle Street is scheduled to open its doorways in 2022.

Construction is anticipated to begin in the primary quarter of subsequent yr.

JPMorgan Chase stated the event would come with “sustainability-focused features” together with energy-efficient lighting, “minimised water consumption” and greater than 350 bicycle areas.

It added that the transfer would give the corporate the “capacity to further grow” in Glasgow, with area out there for up to 2,700 staff.

‘Unwavering dedication’

The announcement comes virtually precisely 20 years because the agency established its Glasgow tech centre, which gives software program growth in addition to information science and cloud engineering companies for JPMorgan Chase’s international operations.

In a press release, the corporate stated the funding in the new constructing was “just the next step in our unwavering commitment to the city of Glasgow”.

Reacting to the plans, First Minister Nicola Sturgeon stated: “With a concentrate on renewable vitality and lively journey, the corporate’s plans are an instance to different companies of how we are able to transfer in the direction of a cleaner, greener financial system.

“This dedication sends a powerful message that even in these unsure occasions, we stay open for enterprise and exhibits nice confidence in Scotland as a centre of excellence for monetary companies.”

Glasgow City Council chief Susan Aitken additionally welcomed the announcement.

She stated: “We are massively inspired by the spectacular scale of JPMorgan Chase’s new Glasgow workplace which presents vital scope for additional growth of its workforce in the town, creating new jobs for our residents, whereas regenerating a key metropolis centre web site.”

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