The Financial Conduct Authority is to add 100 people to its existing team in Leeds and increase the floorspace at its 6 Queen Street office by 5,000 square feet, an additional 35%. The regulator said the enlarged office would be operational later in the autumn. The FCA originally opened its Leeds office in 2022.

Nikhil Rathi (pictured), chief executive at the FCA said: “We have really benefitted from having a base in Leeds – both in the breadth of talent that has joined the FCA and the different perspective our Leeds colleagues bring to the full breadth of our work. This further expansion is testament to the success of our Leeds office and the warm welcome we have received.”

Tracy Brabin, Mayor of West Yorkshire said: “West Yorkshire is going from strength to strength as the largest financial services centre in England outside London.”