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Economic Development

Santander suspends £75m plans to build new Merseyside office

The 'temporary pause' comes while the bank considers the impact of Covid on its 'future ways of working'

How the Santander Bootle site is hoped to look after the £75m redevelopment

Banking giant Santander has said £75m plans to demolish and redevelop its Merseyside base are on hold.

The bank announced on Wednesday evening that the decision to "temporarily pause" the project is to "consider the impact of Covid-19 on our future ways of working".

Since March, the majority of its Bootle staff have worked from home, and during the lockdown, the firm has "sought the views of colleagues across the bank on working arrangements".

It is now reviewing the feedback as "we consider how best we support our customers in the 'new normal'".

A statement from Santander about the Bridle Road site said: “We are temporarily pausing the site project we had planned in Bootle while we consider the impact of Covid-19 on our future ways of working.

"We have briefed our colleagues and CWU and will be working closely with them as our thinking progresses.”

In October last year, Santander's plans to redevelop the Bootle base were approved by the council.

Under the proposals, the large multi-story building will be demolished and replaced by a huge campus.