Atom bank’s multi-million pound move from Durham to The Pattern Shop in Newcastle brings nearly 600 jobs to the city.

Economic Secretary to the Treasury Lucy Rigby KC MP officially opened the new site.

Ms Rigby said: "Atom bank’s decision to expand in Newcastle and bring nearly 600 high-skill fintech jobs with it is another clear vote of confidence in the UK’s world-leading fintech sector.

"This investment will support long-term careers in cutting-edge high-skill jobs, help power local growth, and put more money in people’s pockets."

She visited the new headquarters, addressed staff at a company-wide meeting, and met graduates, apprentices, and new starters.

During her visit, Ms Rigby was shown the efficiency of Atom’s lending processes and the bank’s support for vulnerable customers.

She also spoke with 12 female founders from the region about their successes and the barriers to entry for female entrepreneurs.

Mark Mullen, CEO of Atom bank, said: "This building has a legacy of innovation dating back to Robert Stephenson’s pioneering work, and now we are writing the next chapter.

"Our new office represents not only a commitment to the North East, but a commitment to our people—providing a modern, flexible, and collaborative working environment that allows us to build a bank that will be here for another hundred years and beyond."

The headquarters were officially opened during a ceremony also attended by councillor Karen Kilgour, leader of Newcastle City Council.

Cllr Kilgour said: "This is a landmark day for Newcastle and a huge endorsement of our ambition for regional growth.

Atom bank’s investment in The Pattern Shop—a historically significant site—preserves Newcastle’s heritage while securing the future through high-quality job creation.

"We are delighted to see a forward-thinking business putting down such strong roots in our city."

The Early Careers Programme includes the Atom Futures Fund, the EY Smart Futures programme, a graduate scheme, and two AMI Women in Technology Scholarships with Durham University.