Revolut opens new London HQ as part of long term plan for the UK financial services sector

Fintech firm Revolut has announced the opening of its new global headquarters in Canary Wharf, in a week that has seen more than £110 billion committed to the UK financial services sector. The company confirmed it will invest £3 billion over the next five years and create around 1,000 new skilled jobs.

The announcement follows a series of major commitments from global financial organisations. Blackstone has pledged to deploy more than £100 billion across the UK over the coming decade, including a £10 billion data centre project in Blyth. BlackRock has committed £7 billion to UK markets over the next year and will direct £500 million towards data infrastructure. Bank of America confirmed plans to establish a presence in Northern Ireland for the first time, with up to 1,000 jobs in Belfast, while PayPal announced £150 million to support product development and expansion in the UK.

The new HQ is located in the YY London building, formerly known as 30 South Colonnade. Revolut will occupy four floors under a ten-year lease, taking up about 113,000 square feet, which represents a 40 percent increase in its London office footprint.

YY London underwent a comprehensive refurbishment before Revolut’s move. Its retrofit preserved much of the existing structure, reducing embodied carbon emissions, and the building is certified BREEAM Outstanding and designed with all-electric systems. As part of the redesign, the building now includes terraces, communal spaces and enhanced amenities focused on sustainability and wellbeing.

Revolut’s previous London base was in Westferry Circus. The move to YY London places the company more centrally within Canary Wharf’s business district. The new headquarters is also expected to display prominent signage on two sides of the building, subject to planning approval.

The government highlighted the investments as a demonstration of confidence in the UK financial services sector. It follows recent regulatory reforms designed to streamline processes and attract international firms. Collectively, the announcements represent what the government claims is a significant boost for employment across a number of UK cities, including London, Leeds, Edinburgh, Manchester and Belfast.

According to the government, the investments will create thousands of jobs across London, Leeds, Edinburgh, Manchester and Belfast. The announcements follow the introduction of regulatory changes designed to support growth in the financial services sector.