Newspaper article The Journal (Newcastle, England)

Revolutionary Bank Is Back Where It All Began; FINANCE

Newspaper article The Journal (Newcastle, England)

Revolutionary Bank Is Back Where It All Began; FINANCE

Article excerpt


NORTH East challenger bank Atom Bank has cemented its future in the region after signing a deal to move its entire workforce back into the building where it was first established.

Atom Bank, the UK's first wholly digital bank, has taken a 10-year lease at the Rivergreen Centre where founder Anthony Thomson first launched the business in 2014.

The firm, which now employs more than 300 people, has been operating across two sites on the Aykley Heads business park since last September, with Durham County Council subscribing to shares in lieu of rent for its base in Northumbria House.

The firm, which recently signed up Black Eyed Peas star as its first strategic board advisor, also looked into the possibility of building a brand new base close to the Rivergreen Centre.

That even went so far as to commission architect drawings and look into planning permission if they wanted to go ahead with that plan.

However, plenty of office space has recently come available at the Rivergreen Centre, paving the way to bring the team back under one roof.

The decision to adopt the Rivergreen Centre as its permanent home followed a lengthy review of options across the North East and a consideration of future growth objectives for the bank.

The review confirmed Durham's location as a centre for accessing talent from across the region and its access to financial centres in London, Edinburgh and Leeds.

The centre also provides plenty of capacity for future growth.

The Rivergreen Centre was already hosting the bank's technology teams, and the bank welcomed the opportunity to move its entire operation into a building that uses biofuel and innovative design to keep its environmental impact to a minimum. Atom's chief innovation officer, Edward Twiddy, said: "After three great, but increasingly crowded years in Northumbria House the time has come to bring everyone under one roof and create some space for future ambitions. …

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